Price has found its exhaustion zone, and now is making its way back up, it didn't play too much with that zone at all. Price closed over the parabolic sar on the daily timeframe and has not retraced to that are yet, which is what I believe is about to happen. To furthermore explain why I think this is a long opportunity, on the daily timeframe you can see that if price closes over the last candlestick it will be a inverted 3 pin formation also indicating bullish movement, the daily closure will happen in roughly 5 hours from this post going up.
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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.