Bullish outlook
Horizontal volume levels seems to be broken trough by bulls. The moving average of 200 has been retested once, though might be retested once more. When "retouching" the MA 200 (in case of), there will be a confluence of large volumes and the MA, giving a strong trampoline effect. If this support will break trough, then we should look onto downward move with the retest of the same level. As said overall the scenario is rather bullish - a local bullish triangle can be formed just above the MA adding odds to upward move.
Disclaimer
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.