As you see in this chart there are two types of conformation.
1:- trendline breakout
2:- Rectangle pattern breakout trade in daily timeframe if daily candle close.
1:- trendline breakout
2:- Rectangle pattern breakout trade in daily timeframe if daily candle close.
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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.