There is a bullish divergence observed in the EFERT chart on the daily timeframe. The current downtrend has already reversed and will be confirmed if the previous LH is broken and a new HL is formed. If the previous LH is broken, it will be a good time to take a long position as indicated on the chart.
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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.