Rationale: -Price is forming a large bullish pennant on the daily -The upper and lower trendline of the pennant has been touched three times each -Price will likely range between the trendlines before breaking to the upside -We remain bullish as long as price is above the 100EMA
Your risk, your reward. This is not financial advice. Happy trading.
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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.