After a false breakout and subsequent breakdown of the inner triangle, price has once again settled above the inner triangle and is now confirming on the 4h chart.
If this can break out the target is the next triangle (the downsloping line above)
If this can break out the target is the next triangle (the downsloping line above)
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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.