ALGO - Critical Times!

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After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple.

For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue.

In this case, a bullish trend continuation would be expected till 3.0

In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red.

In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups.

Good luck!

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~Rich

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