Price was in a declining phase, and respecting a descending a trendline, however a double bottom pattern with bullish divergence emerged on daily time frame, hinting the return bulls. If the trendline and previous lower high are broken successfully, then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
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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.