Red triangleHermes International SCAEURONEXT_DLY:RMSbalinorAn interesting chart structure with two possible outcomes yet to be determined. The price is moving within the red triangle and is currently near the upper boundary. A bullish view suggests a potential breakout followed by the completion of a double bottom pattern, with the neckline at €1,750. Conversely, in a bearish scenario, the price has just been rejected by the weekly SMA10 near the upper edge, with a probable return toward the bottom of the triangle, where a bearish breakout could follow. I’ve noticed that many stocks in the luxury sector are currently sitting just below major resistance levels awaiting a breakout... what is about to happen? This is just food for thought, as I believe the best move is to place some alert, wait and see which side of the triangle breaks first. Keep a close eye on the volumes!