high probability entry at the supply zone that serves as the right shoulder of the pattern. in good confluence with 61.8% retracement level.
TP1 level is a very clear and distinct area of demand at the base of the neckline. where a rebound is likely to happen if the setup does not break out immediately.
TP2: catch the breakout as price heads for what could potentially be the conservative support for its initial level 1 Drop
TP1 level is a very clear and distinct area of demand at the base of the neckline. where a rebound is likely to happen if the setup does not break out immediately.
TP2: catch the breakout as price heads for what could potentially be the conservative support for its initial level 1 Drop
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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.