Why I recommend for Sell?
1) After multi year breakout there is possibility of retest breakout area
2) Triangle formation after breakout of parallel channel must accommodate for breakout of triangle as well but you see that RSI is not showing strength for upside rather going down.
Trade closed: stop reached
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1) After multi year breakout there is possibility of retest breakout area
2) Triangle formation after breakout of parallel channel must accommodate for breakout of triangle as well but you see that RSI is not showing strength for upside rather going down.