I must refrain from advocating that anyone take another trader's position, but I do think that this setup has an enormous amount of potential to trade profitably, for it is an obtrusive pattern on the daily chart. The key technical analysis is the rising wedge, which began forming in early March has reached its ending; lookout below! I suspect a breakdown, yet I won't call any prices, but it does appear that a revisit to March 23 levels is imminent.
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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.