The price broke a critical Fibonacci level (78.6%). The recent higher lows near the apex of the triangle might suggest growing bullish momentum, hinting at an upward breakout. As the price nears the apex, the likelihood of a breakout increases. The tighter the triangle, the closer it is to resolving.
If it breaks above the red descending resistance line with strong volume, the next targets are:
The 127.2% Fibonacci level (3,377.73). Possibly extending to the 161.8% level (13,784.96), depending on momentum.
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