BAT has broken out of the yellow resistance trend line which acts as a major resistance previously. It's retested this yellow region as a support too which formed a closed body slightly above the .382 fib level. With this current structure, the phase 2 of break out strategy is being met and we'll see the upside moves toward the next resistance which is having an alignment with the golden pocket zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.