1/ The last quarter of 2022 printed an Engulfing Bull Candle before price went into a 28 month Range.
2/ The Range Low has recently been 'swept' by January 2025's low, while at the same time respecting the afore mentioned '22 final quarter 50% level and breaking out of the (almost 20 year old) decending Channel.
3/ I believe price is about to Break Out Long from the 2 year Range and target the quartly Fair Value Gap at 1.3 - 1.35.
2/ The Range Low has recently been 'swept' by January 2025's low, while at the same time respecting the afore mentioned '22 final quarter 50% level and breaking out of the (almost 20 year old) decending Channel.
3/ I believe price is about to Break Out Long from the 2 year Range and target the quartly Fair Value Gap at 1.3 - 1.35.
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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.