As you can see on the daily chart, there a big cup and handle pattern, from which the handle is a corrective triangle. ABCDE correction is completed, and having the price break out from the upside means that the price is going to create new all-time highs.
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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.