A bullish divergence along with inverse head & shoulders pattern shows that the trend is nearing reversal, further breaking the previous lower high can confirm the trend reverse and we can take buy into the trade.
The bullish divergence shows the momentum of bullish is high.
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.