Price was in a strong downtrend, however a matured bullish divergence on hourly time frame hints the return of bulls. If both previous lower highs mentioned on the chart are broken then we can expect a bullish reversal 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.