The price previously break the Ascending Channel but in a Corrective way (Descending Channel) that indicates there is a temporary upside in the market, probably in the formation of Falling Wedge Reversal Pattern. We are waiting for more confirmation in the market for high probability trades.
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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.