[GLD/BTC] - Bullish Breakout
Updated
GLD is looking good for a bull run. It formed a kinda pennant/ascending triangle pattern and is breaking out into the 1D cloud. Our target can be determined using the top of the cloud and the retracement from the previous ATH for around 4k.
A closer look on the ascending triangle also reveals a nice double bottom / W pattern which supports this breakout even further.
A closer look on the ascending triangle also reveals a nice double bottom / W pattern which supports this breakout even further.
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DAT WICK
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