Strong horizontal resistance, with a series of higher lows pushing price into a tighter range.
Breakouts from this pattern tend to be explosive, especially with volume this low.
A confirmed close above resistance could kick off the next leg up.
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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.