Impala can break either way. my gut says up but charts say down

Broadening Formation (Megaphone) has formed on the daily,
The indicators are all showing bearish but I can't help but feel that the breakout will be up.
Regardless, price action is saying the following
Trend direction down
7 < 21 < 200
RSI =50
Bearish

So, once we get a breakout we will know exactly what to do.

Kommentera:

We got our downside break and the price has been continuing to R117.21. Looks like R110 is on the cards next.