After a breakout of a key horizontal resistance,
📈US50P retested this level and then formed an ascending triangle pattern on a 4-hour time frame.
A bullish breach of the triangle's neckline is a key confirmation of buyer strength and suggests potential for a price increase to at least 5,500.
📈US50P retested this level and then formed an ascending triangle pattern on a 4-hour time frame.
A bullish breach of the triangle's neckline is a key confirmation of buyer strength and suggests potential for a price increase to at least 5,500.
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Disclaimer
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