Price was in a downtrend, however now it seems that bulls are trying to assume control of the price action as bullish divergence has emerged on both hourly and four hourly time frames. If previous lower high is broken successfully then we can expect a bullish rally 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.