2 days ago I said about the potential for bullish divergence/divergences on the daily chart! we need to get closed above 53k and clear retest on it to be bullish again. the yellow circle can be a retest of the breakdown trend from 20 July. so don't listen to everybody saying this is the bottom you can buy right now! nobody can say where is exactly the bottom but they will keep saying because luckily they will be right 1 time and don't worry if you think you will miss this opportunity there will be another one always! In lower time frames you can even look for a short trade I will send an update soon. not financial advice!
Note
4h candle still open potential for the bearish divergence
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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.