US30 Breakout
The current market trend has exhibited a sustained upward movement over the past several days within the confines of a parallel channel. Notably, the price action has formed a triangular pattern within this channel. It is noteworthy that the market has recently experienced a breakout to the upside from this triangular pattern.
Anticipating a retracement, the price is expected to move back towards the edge of the triangle before resuming its upward trajectory. This analysis suggests a potential continuation of the prevailing uptrend in the near term.
Anticipating a retracement, the price is expected to move back towards the edge of the triangle before resuming its upward trajectory. This analysis suggests a potential continuation of the prevailing uptrend in the near term.
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