The hourly leg has been tested and is holding on the lower timeframes indicating a potential reversal. 5 minute bullish trends have clearly formed hinting potential longs are on the horizon. Are bears looking for exit here? Perhaps. Seems like bearish momentum has exhausted
ONLY TIME WILL TELL.
ONLY TIME WILL TELL.
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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.