The pattern completes when the is higher than the first second resistance 4which in this pattern. As the price reverses, it finds its first resistance 2 which will also form the basis for a horizontal line other relevant factors to identify level for the rest of the pattern.
Technical analysis can be a summing the straategies of all intrinsic value of an asset globally, contributing to the utility resistance or below support.
Past performance is no indication or guarantee of future performance. Let us improve this post! However, traders must remain vigilant for signs of trend exhaustion to avoid potential reversals. However, it requires patience as profits may take longer to materialize, offers fewer opportunities for quick gains compared to day trading, and exposes investors to long-term market trends that necessitate careful consideration of economic shifts. News articles and headlines can influence market sentiment.
