The blue background means a reversal zone. So after this long downtrend and since we are close to a strong support around 1220, those are two good sings for a long.
We just had the buy alert, so we can expect bullish movement.
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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.