Bull Flag/falling wedge breakout
Nice pullback from the parabolic flagpole. Lower highs, lower lows, looks like a falling wedge which is bullish. But I also see a strong bull flag formation which is also you guessed it, bullish. Macd still in downtrend on the hourly so I think it will stay within the flag zone for a bit, could drop a bit lower to around 3.28 then beakout to the upside.
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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.