The yellow horizontal on this analysis provides a great support for this preemptive breakout structure
Price has extended itself to the top of the descending megaphone
From here a breakout of this megaphone and in turn the flag like structure continues the breakout on a timeframe such as the Weekly.
This is the daily timeframe.
Price has extended itself to the top of the descending megaphone
From here a breakout of this megaphone and in turn the flag like structure continues the breakout on a timeframe such as the Weekly.
This is the daily timeframe.