The price is in an upward trend and has created a valid trend line. If it is generally stated: the price reacts to this line, that is, if the price is above the line, it will go down, and if the price is below the line, it will go down. It will move upwards, which will result in corrective movements .
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.