Hi Traders!
The market is making lower highs and higher lows.
That's why we see a triangle in the chart.
As you can see there are two trendline:
One is coming from above und one from below.
Now the two trendlines are so close to each other, that the market is squeezed in between.
It follows, that the market has to break in any direction to move further.
We recommend to trade the breakout with a confirmation, so you won't get stuck into a false breakout.
Thanks and good luck :)!
The market is making lower highs and higher lows.
That's why we see a triangle in the chart.
As you can see there are two trendline:
One is coming from above und one from below.
Now the two trendlines are so close to each other, that the market is squeezed in between.
It follows, that the market has to break in any direction to move further.
We recommend to trade the breakout with a confirmation, so you won't get stuck into a false breakout.
Thanks and good luck :)!
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