A falling wedge pattern has been broken to the upside, a signal often indicating a potential bullish reversal. Price Momentum: After the breakout, a clear bullish impulse emerged, indicating buying power. Price Structure: An important resistance/structure has been broken to the upside.
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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.