Price was in a strong downtrend, however the breakout of the daily descending trendline and printing of a higher high hints the control of bulls. If freshly printed HH is broken with good volume then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
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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.