You know what they say, “History repeats itself”, and if that is true then we will see another spike up after this final 6th candle of consolidation.
During this bullish trend up each line up of consolidation lasted 6 4hr candles. So if the candles repeat the 2 previous patterns we should see a spike up again. We are seeing the 10750 Quarter being used as support on the 4hr chart.
If price does decide to repeat history we could see price break above $11,000 and so on.
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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.