A strong hold at short-term ascending support triggers unexpected volatility to long-term wedge resistance.
This pattern is now considered priority although note that the prior low has been weirdly altered from the 2168 to 2176.
Three resistance deviations have been added, plus one support deviation, to cover the difference from current average to pattern high.
Keep in mind that this is the first push above 2450 since descending into the previous long-term ascending (blue) in May 2022 potentially marking the start of momentum towards 2500-3000.
www.tradingview.com/chart/gDBkksfy/
This pattern is now considered priority although note that the prior low has been weirdly altered from the 2168 to 2176.
Three resistance deviations have been added, plus one support deviation, to cover the difference from current average to pattern high.
Keep in mind that this is the first push above 2450 since descending into the previous long-term ascending (blue) in May 2022 potentially marking the start of momentum towards 2500-3000.
www.tradingview.com/chart/gDBkksfy/
