In the current market structure we are in the Big Ascending Channel that indicates for a downside in the long term. But as of now the we can see a clear Bull Flag Pattern with a past breakout in the Descending Channel Pattern. We are looking for the 3rd touch of the Bull Flag for confirmation or we can take the breakout for a Potential Buy Entry.
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Note
Update: Recently the price break the [Big Bull Flag Pattern]. We are looking for a Bull Flag pattern for a potential Long Position for more confirmation.
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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.