The trend has been a great friend for this one this week.
That being said, this area could be a legit spot for a drop... but it is an uptrend so I will more than likely use a smaller time frame if I short.
I put an arrow towards a similar area where there was a nice congestion before a drop.
I have no crystal ball. Price could drop like a stone due to some fundamental, it could stagnate in that area or it could slide through the line as if it was not even there.
That being said, this area could be a legit spot for a drop... but it is an uptrend so I will more than likely use a smaller time frame if I short.
I put an arrow towards a similar area where there was a nice congestion before a drop.
I have no crystal ball. Price could drop like a stone due to some fundamental, it could stagnate in that area or it could slide through the line as if it was not even there.