After trading back above it, the price retreated to the lower band of the range. This is exactly the price action we want to see in order to confirm that the break below the range was a fakeout. This suggests that we will most likely see a real breakout above the range at some point, with much upside potential.
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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.