Due to the formation of the channel and the reversal of the price from the support area and also the hammer pattern, we expect the price area to increase in price. Because the resistance area of the channel is far from the support area, we place our first target on the midline.
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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.