Price was in a downtrend, however after the formation of a double bottom a higher high is printed which is an indication of the beginning of a bullish trend. Once the freshly printed higher high is broken we can expect continuation of the bullish trend as per Dow theory. Targets are mentioned on the chart.
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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.