MASK since breaking out above the descending corrective trend on the daily timeframe with a bullish impulse has now made a correction to retest the zone as new support, we can currently see on the 4hr timeframe the corrective move has been in the form of this bullish pennant formation. We can expect a little more consolidation and the range to tighten before a breakout occurs. Waiting for valid entry rules to be satisfied before we can take a possible leverage long position.
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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.