As you can see, we are in a confirmed two-layer ascending channel structure.
We have already been rejected by the ma200/W.
This decline brought with it the bear flag formation, which is a continuation / decline formation.
As for the ascending channel breakout, it looks like it will show us a deeper bottom.
We have already been rejected by the ma200/W.
This decline brought with it the bear flag formation, which is a continuation / decline formation.
As for the ascending channel breakout, it looks like it will show us a deeper bottom.
Trade active
The lower band of the channel region has been reached, I suggest you take a position according to the breakout or reaction.Trade active
Channel is broken.Trade active
TP1 reached. May it be beneficial.
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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.