Following a strong 4 hourly push down, we see price bouncing off a validated daily support line.
Broken down to the 1 Hour chart, we see a break of the downward trend line, also, we see the first HL has been formed, indicating a possible change of trend direction (to the upside).
Should price find support above the yellow box (validated on the 1 hour) and we see 2nd HL being formed, buys should be considered.
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.