The price has successfully rejected the ascending trendline plotted on the graph that lines up with a key area of support and is now impulsive to the upside. Due to the fact that a valid bottom pattern has not been fully formed yet, we would expect for the price to re-touch the entry zone highlighted on the chart once again before initiating a full-scale bullish launch.
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.