No more short term trend lines remain and the possible channels from this first impulse wave have broken down. The pennant is nearly completed and has about 12 hours maximum to break one way or the other with the upside more likely. High risk entry levels 4200-4300 above the topside of the pennant, with a clear breakout level of above 4420.
Note
Triangle broke down sharply
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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.