You can see the compression on the left, it cleared the supplies to let the price goes up freely. Candle A broke the resistance and an ftr, price tasted the break and made the leg B important, after the price rose and came back to the level, the price is expected to go higher and top the high C.
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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.