around 70% of the time,
the price breaks to the downside.
and only 30% to the upside.
keep in mind that a Ascending
have a significant
failure rate. and textbooks
advice to only trade in a breakout of
the resistance line.
I will short the price. because of more than
one indicate, that the price
will break under the support line.
one hour chart, a formation
In the ,
Correctional waves have been made
After a longer period of drawdown ( see one week chart)
i am referring to my weekly chart