Although in a downtrend, the market has been rising since the upward retracement of December 16, culminating in today's breakout.
Prices are emerging from the top of a symmetrical triangle and a downtrend line.
If theory isn't deceiving us, this should lead to higher prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.