A bullish Inverted AB=CD pattern has formed in the bottom area of the channel. Going short here bears undue risk and if the bulls manage to break the 1.3128 swing high, we favor a rally towards the upper boundary of the channel.
Cyclical Waves Group
Cyclical Waves Group
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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.