I POSTED THIS SAME CHART EARLIER AS A LONG... DISREGARD & TAKE THIS CHART AS MY CORRECT ANALYSIS.
Price has recently broke out of a channel & I'm now looking for price to retest the previous channel. But first, we have a possible bullish flag/pennant forming which would make price continue upwards. The RSI is reading around 70% so puts a tick in the box for price to drop down. So am expecting a burst up out of the pattern followed by a drop down & retest of the previous channel. Good luck :)
Price has recently broke out of a channel & I'm now looking for price to retest the previous channel. But first, we have a possible bullish flag/pennant forming which would make price continue upwards. The RSI is reading around 70% so puts a tick in the box for price to drop down. So am expecting a burst up out of the pattern followed by a drop down & retest of the previous channel. Good luck :)
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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.