Price was in a downtrend, however the bulls seem to be warming up for assuming control of price action following the formation of a bullish divergence with double bottom reversal pattern formation. If previous lower high is broken with good volume then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
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.
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.