Price was in a strong downtrend, however a bullish divergence alongside a double bottom reversal pattern has emerged on daily timeframe, hinting the return of bulls. If previous lower high is broken with volume then we can expect a bullish rally 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.