BULLISH, But!!
I'm bullish on this but wait for "exhaustion", see blue line. After which you can expect the strong trend (upwards to continue). Which will be followed by a firm breakout to pushing out of triangle firmly.
For those who are thinking it's a short please note those three hard rejections (hot pink circles) note how it failed to overcome that area over and over. AS SUCH, we want to look at this play in a bullish way (trend) and then from then, enter at the points with the best and most efficient possibility of profitability.
For those who are thinking it's a short please note those three hard rejections (hot pink circles) note how it failed to overcome that area over and over. AS SUCH, we want to look at this play in a bullish way (trend) and then from then, enter at the points with the best and most efficient possibility of profitability.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.