Bullish Scenario: the red line breaks in the symmetrical triangle and we arrive to the previous high which is a major resistance level. A correction (above the 200 MA level) is possible
Bearish Scenario: the market can't break the red resistance level and we fall below the 200 MA level.
Bearish Scenario: the market can't break the red resistance level and we fall below the 200 MA level.
Note
Just passed above the symmetrical triangleNote
Again in the low part of the triangle
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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.