Dow Theory depicts that a series of Higher Highs and Higher Lows support a Bullish Trend whereas a series of Lower Highs and Lower Lows proposes a bullish trend.
Here you may foresee a period of Accumulation after a bear run completes after which a bull run is expected.
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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.