If we aren't able to break this trendline, i expect we'll come back down to ~28 before we finally clear this symmetrical triangle that has been forming since last February.
Once that triangle pattern is broken and we have a clear breakout, i expect we'll reach close to the top of this pitchfork at around $35 perhaps by EoY. This is also the median of the channel that has been forming for the past 2 decades. From there we can head back to pre covid highs at around $39 by mid to late 2022 perhaps?
Once that triangle pattern is broken and we have a clear breakout, i expect we'll reach close to the top of this pitchfork at around $35 perhaps by EoY. This is also the median of the channel that has been forming for the past 2 decades. From there we can head back to pre covid highs at around $39 by mid to late 2022 perhaps?
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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.