Hi Traders!
The market was moving in a strong uptrend.
Then it lost price action and lost the volatility.
Now its moving in a "box" and the market is preparing a breakout.
We expect the market to breakout bearish, because we can see a divergence.
Alternativly it could break out bullish too, because the RSI isn't oversold and it would continue the trend.
Thanks and good luck!
The market was moving in a strong uptrend.
Then it lost price action and lost the volatility.
Now its moving in a "box" and the market is preparing a breakout.
We expect the market to breakout bearish, because we can see a divergence.
Alternativly it could break out bullish too, because the RSI isn't oversold and it would continue the trend.
Thanks and good luck!
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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.