The trendline break, combined with sideways consolidation and a breakout candle, could be considered a bullish reversal pattern.
The volume confirmation (not shown here) would be useful to further validate the breakout strength.
Stop-loss is placed just below a local support zone, which is a common and logical choice.
The volume confirmation (not shown here) would be useful to further validate the breakout strength.
Stop-loss is placed just below a local support zone, which is a common and logical choice.
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