Price was in a downtrend consistently printing lower highs and lower lows. However, a bullish divergence on daily timeframe hints the return of bulls, and if previous lower high is broken with good volume then we can expect a bullish breakout 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.