There is an AB=CD pattern that targets the channel lower band.
Also, EMA 200 coincides the lower band.
These two arguments renders the channel lower band a strong support which makes me think that this can be a reversal level.
Also, EMA 200 coincides the lower band.
These two arguments renders the channel lower band a strong support which makes me think that this can be a reversal level.
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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.