Price is in a strong downtrend, and respecting the descending trendline, however the matured bullish divergence with a double bottom reversal pattern hints the control of bulls. If the trendline and previous lower high are broken with good volume then we can expect a bullish reversal as per the Dow theory. Targets are mentioned on the chart.
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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.