SUPPORT & RESISTANCE are the black boxes. As you can see, consolidation forms the left shoulder, and the breakout of the support forms the inverted head; now, the market has broken back into the zone. Wait for the retest, and Take Profit will be at the resistance.
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TP hit
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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.