Thats a tough chart tbh.
Ok. So there are two patterns on here that i think are very interesting. What is most interesting is that both patterns are bullish. The first one is the bull flag, and the second one is inverted head and shoulders.
On the bearish side, there is a huge resistance on the weekly which explains both the bullish chart patterns discussed earlier. It looks like bulls prepare for another move up to break the resistance, and every attempt of bears or sellers to push the price down, the bulls push it further up.
So i have marked both my aggressive entries, marked in blue, and my conservative entry (taking all scenarios into consideration) marked in yellow.
DYOR.
Ok. So there are two patterns on here that i think are very interesting. What is most interesting is that both patterns are bullish. The first one is the bull flag, and the second one is inverted head and shoulders.
On the bearish side, there is a huge resistance on the weekly which explains both the bullish chart patterns discussed earlier. It looks like bulls prepare for another move up to break the resistance, and every attempt of bears or sellers to push the price down, the bulls push it further up.
So i have marked both my aggressive entries, marked in blue, and my conservative entry (taking all scenarios into consideration) marked in yellow.
DYOR.
Trade active
all targets hit :DTrade closed: target reached
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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.