### *Tools Used in the Chart:*
1. *Ascending Channel* – A trendline-based pattern showing higher highs and higher lows.
2. *Support and Resistance Levels* – Horizontal lines marking key price zones.
3. *Breakout and Retest Markers* – Indicates price breaking a level and retesting it.
4. *Trend Lines* – Upward diagonal lines defining the channel.
5. *Target Projection* – A marked area predicting potential price movement.
6. *Labels (Higher High, Lower High, etc.)* – Used to highlight market structure.
7. *Curved Arcs* – Used to visually represent cyclical price movements.
8. *Price Annotations (TOP, Target, etc.)* – Guide the trader on key levels.
### *Patterns Identified:*
1. *Ascending Channel Pattern* – A bullish structure with higher highs and higher lows.
2. *Breakout and Retest Setup* – Price breaking out of a level and retesting before continuing.
3. *Market Structure Highs and Lows* – Identification of *Higher Highs (HH) and Lower Highs (LH)* for trend analysis.
4. *Potential Reversal or Continuation Pattern* – Based on the *projected price movement* within the channel.
This analysis suggests a *bullish bias* as long as the price remains within the ascending channel and follows the pattern of higher highs and higher lows.
1. *Ascending Channel* – A trendline-based pattern showing higher highs and higher lows.
2. *Support and Resistance Levels* – Horizontal lines marking key price zones.
3. *Breakout and Retest Markers* – Indicates price breaking a level and retesting it.
4. *Trend Lines* – Upward diagonal lines defining the channel.
5. *Target Projection* – A marked area predicting potential price movement.
6. *Labels (Higher High, Lower High, etc.)* – Used to highlight market structure.
7. *Curved Arcs* – Used to visually represent cyclical price movements.
8. *Price Annotations (TOP, Target, etc.)* – Guide the trader on key levels.
### *Patterns Identified:*
1. *Ascending Channel Pattern* – A bullish structure with higher highs and higher lows.
2. *Breakout and Retest Setup* – Price breaking out of a level and retesting before continuing.
3. *Market Structure Highs and Lows* – Identification of *Higher Highs (HH) and Lower Highs (LH)* for trend analysis.
4. *Potential Reversal or Continuation Pattern* – Based on the *projected price movement* within the channel.
This analysis suggests a *bullish bias* as long as the price remains within the ascending channel and follows the pattern of higher highs and higher lows.
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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.
Join Telegram Channel Free t.me/+lvC6DGTZAqk3NTI8 "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/+XHUwVU1EKek0Nzlk
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.