Broadening Wedges can be observed on chart, initially a bullish one that pushed price into its long seen downtrend
Following this a bearish wedge is observed, which is accompanied by 200MA rejections
Right now price has experienced a double bottom, which is considered to be a bullish pattern. Pushing price out of the downtrend and leading to the now seen break out.
Weekly Chart
Following this a bearish wedge is observed, which is accompanied by 200MA rejections
Right now price has experienced a double bottom, which is considered to be a bullish pattern. Pushing price out of the downtrend and leading to the now seen break out.
Weekly Chart
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