Price Action is Accelerating Upwards
The angle of the current pitchfork channel (Modified Schiff) that prices are moving within is larger in magnitude than the angle of the longer-dated, broad pitchfork channel. That may imply that price action is accelerating to the upside. Keep in mind, for this assumption to remain valid, the channels must stay intact.
I have overlaid a Fibonacci Circle study, as well, since it appears to mark significant price movements.
I have overlaid a Fibonacci Circle study, as well, since it appears to mark significant price movements.
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