Until price is holding above 13th Jan lows, my operative scenario is continuation of the upside momentum towards 420-450 resistance zone.
Moving and holding above 450 level increases the probability of a continuation move towards higher resistance levels at 590+.
Otherwise, until price holds bellow 450, there are significant odds of deeper correction in the mid-term before continuing macro uptrend
My previous idea on DUOL from Dec'23 topping actions:
and update on break-out potential from Sep'24:
Thank you for your attention!
Trade closed: target reached
Price hit the macro-resistance target and reversed. Now the upper border of the macro support zone is reached, providing opportunity of a mid-term bounce/reversal to start emerging
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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.