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We can’t predict the future, but we can get telltale information from charts. Here’s one possible setup that gives you an idea about price direction.
DIRK VANDYCKE is actively and independently studying the markets since 1995 with a focus on technical analysis, market dynamics and behavioral finance. He writes articles on a regular basis and develops software partly available at his co-owned website www.chartmill.com. Holding master degrees in both Electronics Engineering and Computer Science, he teaches software development and statistics at a Belgian University. He’s also an avid reader of anything he can get his hands on. He can be reached at firstname.lastname@example.org.