Monthly
Bigger picture: Bull Flag
Last move: Up trend, 3 legs up
Recent move: 2 legs down, EMA, forming A2
Triangle region, LTB acting as resistance and EMA acting as support
Ok buy setup, TP inside triangle region
Bigger picture: Bull Flag
Last move: Up trend, 3 legs up
Recent move: 2 legs down, EMA, forming A2
Triangle region, LTB acting as resistance and EMA acting as support
Ok buy setup, TP inside triangle region
Note
Moreover, a reversal up on the monthly chart would be from a parabolic wedge bull flag that began with the February high. The odds would favor at least a couple legs up and last about a year.
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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.