The base I've highlighted in my previous updates is still in effect. For the last 6 months there has been no development outside of consolidating price action and recurring patterns of trend line touches, followed by a retest of support. All this tension could be building up to an explosive move in one direction. Given that this is a descending triangle, the bias is to the upside. Not much more to add at this point. Watching closely.
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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.