ABCDE Correction with an extended wave E. Downtrend has been broken but buyers have not stepped in yet. Double Bottom at 6.59 with Higher Lows being made after breaking downtrend signals that Bulls are trying to take back control. The double bottom is also showing Bullish Divergence on our oscillators RSI, MACD & StockRSI+.
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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.