Competing patterns, with 2h bull pennant setting-up above support and an 8h bear flag after the sharp drop. Allowing for range to develop into a compression pattern and a clear break point as digestion of the move is in order.
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.
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.