This TradingView chart illustrates a classic breakout setup, showcasing the formation of a non-linear base followed by a clear pivot breakout. After an extended base-building phase, the price surges above the pivot line, triggering a sharp rally. Key technical indicators, including moving averages, highlight momentum confirmation post-breakout. The setup captures a high-volume breakout with subsequent retest, marking a strong trend continuation pattern ideal for swing trading strategies.
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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.
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.