Good Evening,
Price has respected rectangle formation, should price not respect trend line, beware of bearish impulse. Profit can be made on rally to the top of rectangle, as well as profit to the bottom (or trend line) after price respects top of rectangle once more. Breakouts are more than likely in a rectangle set up so keep watch on price.
Thanks,
Trade Wisely
Price has respected rectangle formation, should price not respect trend line, beware of bearish impulse. Profit can be made on rally to the top of rectangle, as well as profit to the bottom (or trend line) after price respects top of rectangle once more. Breakouts are more than likely in a rectangle set up so keep watch on price.
Thanks,
Trade Wisely
