We can see price action is breaking up fro a bullflag that has a target of 3.33 trillion. In doing so we should also validate the breakout of the cup and handle pattern which will give ita breakout target around 4.6 trillion or so. Price action is currently very close to retesting the green rimline of the cup and handle pattern and completing the handle. If we were to look at the daily, this pupcoincided precisely with the daily chart’s recent golden cross(not shown here) *not financial advice*
Note
Priceaction has now broken above the neckline, needs to confirm it as solidified support in the next few candles.Note
1st target hit!
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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.