Bears losing momentum. Downtrend line breakout. MACD bullish divergence.
Waiting for a bit more confirmation that the downtrend is weakening. Looking for a potential break of 20 EMA or 9 EMA/20 EMA crossover and might look to trade the retest at the resistance line.
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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.