It is possible for the downtrend to resume.
Waiting for the trend to reverse on minor TFs
A long bias, on the other hand, would be followed by a break, close and retest above H4/EMA200
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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.