Looks like we are in two bullish formations. Looking for price to drop to around $11,528 before major upward movement. Since the Broadening wedge is typically a weak formation, I am expecting a drop to retest one of the lower trend lines before it's next bullrun. A little more confirmation with target zones from CME Gap indicator.
TP for Bullish Triangle (based off estimated breakout point): $13,421
thepatternsite.com/st.html
TP for Right Angled Broadening Descending Wedge: $14,140
thepatternsite.com/rabfd.html
TP for Bullish Triangle (based off estimated breakout point): $13,421
thepatternsite.com/st.html
TP for Right Angled Broadening Descending Wedge: $14,140
thepatternsite.com/rabfd.html
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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.