On the daily chart, you can see the cup and handle pattern, and the handle currently looks like a bull flag. Those two pattern combining indicate a surge in price and new highs ahead. Currently, the bull flag is in play, but if the price breaks out from the downside the dominant handle pattern will be a descending channel, and we are in for more corrective waves before new highs.
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.