Symmetrical Triangle Forming Up


Symmetrical Triangle Forming Up

Nearing a multi year symmetrical triangle monthly resistance level , if we see a bull push over the next week I suspect by the FOMC meeting, the scale of probability will significantly increase for bullish continuation. However, if the current hourly trend turns bearish , the likelyhood that symmetrical triangle resistance level has been verified increases and will continue to increase as more time frames follow; with significant downside. Allocate appropriately and respect the trends, disregard the fud, and good luck!!

-RSI neutral
-MACD bearish