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Pattern: The chart shows a potential "Three Drives" pattern forming, a bullish reversal pattern.
First Two Drives: The first two drives have been completed, with the price bouncing off the trend lines.
Current Position: Price is near the bottom line of the channel after a "hunting candle," suggesting a potential third drive.
Outlook: If the pattern completes, a strong move to the upside toward the projected third drive target is possible.
Summary
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Pattern: The chart shows a potential "Three Drives" pattern forming, a bullish reversal pattern.
First Two Drives: The first two drives have been completed, with the price bouncing off the trend lines.
Current Position: Price is near the bottom line of the channel after a "hunting candle," suggesting a potential third drive.
Outlook: If the pattern completes, a strong move to the upside toward the projected third drive target is possible.
Summary
- Pattern: Developing "Three Drives" bullish reversal.
- Support: The price is near the bottom trend line.
[*]Potential Move: Anticipating a third drive upward.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
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telegram channel: t.me/melikatrader94
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