After the perfect breakout of the ABCDE-Formation we touched the fibonacci-zone and are now seeing a broadening rising gap, which is a continuation pattern.
The upper and lower barriers have already been touched 3 times, which means that a breakout is imminent
The low drop to just the 32,8 fib shows the strength of the upward trend.
The upper and lower barriers have already been touched 3 times, which means that a breakout is imminent
The low drop to just the 32,8 fib shows the strength of the upward trend.
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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.