Price has been in a downtrend but now approaching conditions for confirming trend reversal to the upside. When a swing low is confirmed, I expect price to move upwards & close the gap and breach the trendline. That would be an area to take profit +20% as this will be a relief rally after which we will assess the strength of resistance to push price downwards.
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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.