As it can be inferred from the chart, massive bullish candles have penetrated the previous Lower Low and damaged the downtrend. We are now expecting the price to pullback till the important area, which also aligns with the 0.618 Fibonacci retracement level, before charging BUY positions and aiming for the upside
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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.