Price pushed strongly upward, then formed a small descending trendline as it corrected.
That correction held above support, creating a tight consolidation range.
We now have:
Break of the trendline
Retest of the broken structure
Bullish continuation setup forming above 2.18 support
As long as price stays above 2.18, buyers remain in control, and continuation toward 2.3169 is likely.
Invalidation:
Below 2.1374, the bullish idea fails.
That correction held above support, creating a tight consolidation range.
We now have:
Break of the trendline
Retest of the broken structure
Bullish continuation setup forming above 2.18 support
As long as price stays above 2.18, buyers remain in control, and continuation toward 2.3169 is likely.
Invalidation:
Below 2.1374, the bullish idea fails.
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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.