On the daily timeframe we have this beautiful ascending triangle. As we all know ascending triangle is bullish pattern and it's very high probability to break to the upside. However we may go down to retest support line before we break to the upside. The target of this pattern is 55.3K which is in perfect confluence with the golden pocket.
What do you think about this ascending triangle? Feel free to leave a comment.
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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.