possibility of triangle forming on 20min.
breakout direction is unknown.
reasoning for downside breakout:
price is under 5, 10, 20, 50 daily ma's, and they are all declining.
overall long term trend is down, strengths still to the sellers.
just lots of overhead resistances
general market, spy, is weakening
reasoning for upside breakout:
daily ma's are flattening out and closed together.
buying pressure has been great, everybody's trying to catch a bottom in oil.
overall long term price structure is flattening and basing out.
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