Larger diamond pattern forming after the July pattern played out and hit target. Strong bullish divergence on the larger time frames, bounce off the .618, and RSI trend break and backtest (similar to July/Aug run) looks pretty good. Could come back to test the support line before continuing
Note
Weekly RSI fell below, not a good sign. Still holding lower trendline adjusted to the Oct 31 wick for nowNote
HIgher low here so could still be in playTrade active
Looking good for potential break out here. Do we see golden pocket retrace?
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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.