The chart on the left (4H line chart) shows that we have double bottomed in the short term. Also on the 1H (chart on the right), we can see a bullish W breakout pattern forming. Since the markets have been so bearish recently, a swift move to the upside (short squeeze) could be in the cards.
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.