beware the mid line
The big pink dashed trendline here is the mid line of a very large broadening ascending wedge pattern that seems to have been developing since 2018. This is a bearish pattern. The inverse head and shoulders of recent weeks is a very bullish pattern that does seem to be playing out however there are also contra patterns here.
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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.