Market's seems to be in a bullish trend. RSI is indicating overbought condition, might be a sign of down pressure, and if market comes down and completes the Bat pattern, there will be a buying opportunity. Can also be used as trend continuation strategy.
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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.