This serves as a follow-up to my earlier concept. The cup pattern appears to be materializing. The subsequent stage involves the formation of a descending parallelogram, and upon reaching the trend line, the upward bullish momentum is anticipated to persist.
Note that there is still a significant chance of having the second scenario.
Note that there is still a significant chance of having the second scenario.
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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.