The price has formed a symmetrical triangle formation in the latest bearish move that it made. We do not expect a breakout just yet. First, we are looking for a bullish move towards the upper triangle line that is acting as a resistance line. When the breakout occurs, we expect it to be in a bullish direction.
We wish you good luck with your trading!
We wish you good luck with your trading!
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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.