A continuation idea for CNMD showing an Ascending Megaphone or an Ascending Broadening Wedge
Price will either bounce strongly off this lower trend line or breakdown further and destroy the megaphone structure
I like to favour continuation of the structure although
Bars pattern placed is just an example of how I think price will act
Daily timeframe
Price will either bounce strongly off this lower trend line or breakdown further and destroy the megaphone structure
I like to favour continuation of the structure although
Bars pattern placed is just an example of how I think price will act
Daily timeframe
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