Contracting ranges within a triangular pattern could indicate either a continuation or reversal breakout.
First major bearish resistance would be the Hourly 200 SMA, which could be the first target take-profit
First major bearish resistance would be the Hourly 200 SMA, which could be the first target take-profit
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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.