"There may be an initial phase of profit-taking, leading to a retest. If the breakout turns out to be false, the price is likely to revert to a bearish trend along the red line. However, if the breakout is confirmed, an uptrend may develop. The previous ATH must be broken first to validate the move."
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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.