The longer that price remains within the pattern the more energetic the move may be.
On the Short side, there are well defined support levels in close proximity beneath the current price.
On the Long side, the next major resistance levels above it are further away and may encourage large unhindered bullish moves.
On the Short side, there are well defined support levels in close proximity beneath the current price.
On the Long side, the next major resistance levels above it are further away and may encourage large unhindered bullish moves.
Trade closed: target reached
Consolidation and widening ranges
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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.
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.