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4H CHART EXPLANATION: -Price broke an Ascending Trendline and it is currently on a Corrective Triangle Pattern. -MACD Bullish Divergence If the Triangle is broken, price has potential to move towards the Weekly Resistance Zone at 1356. We will be looking for long setups above 1327 level. Updates coming soon! MULTI TIMEFRAME VISION: -Weekly: -Daily:
4H CHART EXPLANATION: Price Broke Out a Major Resistance with a strong Ascending Movement. Now it s on a Triangle Pattern showing Weakness on the Bullish move: - Bearish Divergence MACD - Resistance zone at 5356 - Weekly Descending Trendline If price breaks out the Ascending Trend Line of the Triangle below 5187.3 we expect a Corrective Down movement Towards...