In the previous analysis, we mentioned that the price was at a decision point — and it made its decision, managing to move up slightly before returning to the bottom of the channel.
Now, at the end of the channel, a pattern has formed. We need to see whether it gets activated or turns out to be a fake.
If the pattern fails (turns out fake), the bullish trend could continue more strongly.
Now, at the end of the channel, a pattern has formed. We need to see whether it gets activated or turns out to be a fake.
If the pattern fails (turns out fake), the bullish trend could continue more strongly.
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Related publications
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.