WPM has now gained great bullish momentum prior to violating its pennant's resistance. the overall structure is a bearish cypher pattern at a point for an SL hunt swing.
WPM midline support has greatly shown its crucial play as it has been the bullish/bearish indicator of this long-term channel.
Any violation of the pennant within this channel can be the trigger for a swing to the channel resistance labeled as R1.
As gold charted below we have a bullish formation with the potential of a breakout on XAU which can trigger all precious metal companies to make a bullish run.
WPM midline support has greatly shown its crucial play as it has been the bullish/bearish indicator of this long-term channel.
Any violation of the pennant within this channel can be the trigger for a swing to the channel resistance labeled as R1.
As gold charted below we have a bullish formation with the potential of a breakout on XAU which can trigger all precious metal companies to make a bullish run.
Note
Note
Note
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Note
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VIRES IN NUMERIS
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Trend Breakout architect
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🦦🎢👍🏻
Trend Breakout architect
—> join my free telegram channel ✅🚀✅🚀✅🚀
t.me/cryptosanction
Related publications
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.