The support line on the downtrend was broken towards the end of February, and we are currently seeing a rally after the pullback.
Perfection of the black trend line crossing the triangle from the cypher.
If this rally continues to 3178 then we will have a cypher pattern completion and could go short.
Profit targets indicated by the green boxes. Stop loss indicated by the red box.
Perfection of the black trend line crossing the triangle from the cypher.
If this rally continues to 3178 then we will have a cypher pattern completion and could go short.
Profit targets indicated by the green boxes. Stop loss indicated by the red box.
Note
Hopefully this continues to rally on the ECB news and forms the cypher.
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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.