This month is about to close with a Bullish Engulfing candle. On the weekly timeframe, a clear W pattern has formed, supported by a bullish RSI divergence, strengthening the bullish outlook. The daily timeframe also reflects a W pattern, and price action is now shaping a pole and flag pattern near the neckline of the previous formation. With major resistance around 183, a decisive breakout above this level could trigger a bullish move toward 210.
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