Price is failing to make a new Lower Low (in other words price is looking to reverse the current Bearish trend marked by a series of Lower Highs (LH) and Lower Lows (LL). Instead, it has broken above the recent Lower High (LH) which is an indication of a potential reversal to the upside.
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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.