The falling wedge pattern is typically a bullish reversal signal. The structure shows decreasing selling pressure, and a breakout above the resistance trendline could trigger a strong upside move. The entry appears to be after a retest and 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.