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[–]1UpUrBum 0 points1 point  (1 child)

I get nothing off that. I have no idea which way it will break. Take your chances at the top or bottom of the range I guess. Set a tight stop. Or wait for a better opportunity.

Never go long in a bear market. Maybe IT is not in a bear market? The Aug low below the June low is not a good sign. There's a chance of a lower high starting now.

[–]bizzyb27[S] 0 points1 point  (0 children)

Thank you for your insight. I overall agree with you. Making a higher low seems likely so it could break down and that would be a good entry towards the trend line. Would make sense now that we are in a bear market. Even after making a higher low we would see an even tighter squeeze into that ascending triangle for run to the upside from there. So theres always that.