Looking across the charts today I spotted one the patterns that we call the Price Squeeze pattern. Price had churned up so much over the past few weeks that’s its making LH, HL, LH, HL squeeze pattern. We can expect a breakout soon from this price compression on the chart. The chart is clearly bearish so a bearish breakout would be more likely, but price squeeze patterns can stop a trend dead in its tracks and reverse price movement. To learn the advanced techniques used to catch the breakouts from these patterns, see the Price Action Protocol.
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