Accumulation Phase: Price ranged for 89 days inside a tight consolidation zone before making a strong breakout.
Pattern Breakout: Following the initial impulse, price formed a downward wedge/triangle pattern (marked by yellow trendlines) and has successfully broken out to the upside.
Current Action: Price experienced a minor pull-back, accumulated, and is now pushing back up from local support.
Pattern Breakout: Following the initial impulse, price formed a downward wedge/triangle pattern (marked by yellow trendlines) and has successfully broken out to the upside.
Current Action: Price experienced a minor pull-back, accumulated, and is now pushing back up from local support.
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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.