As we brokeout the red resistance we have jumped back into rising wedge, and formed a bullish pennant. BUT the key factor is that we haven't re-tested the red trendline yet. So if you are longing, put your stop according to that trend line. Fib levels shown are possible s/r levels. I am more bullish than bearish atm.
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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.