Bigger picture: Bull Flag Last move: Up trend, 3 legs up Recent move: 2 legs down, EMA, forming A2 Triangle region, LTB acting as resistance and EMA acting as support Ok buy setup, TP inside triangle region
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Moreover, a reversal up on the monthly chart would be from a parabolic wedge bull flag that began with the February high. The odds would favor at least a couple legs up and last about a year.