Price formed a falling wedge reversal pattern H4 and broke its resistance at the support of a D1 pennant. A Fibonacci pulled from the recent H1 bullish impulse creates a 38.2% retracement. The projection area lines up perfectly with the D1 pennant resistance for a high risk:reward buy.
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.