Price was in a downtrend, however bullish divergence appeared on daily timeframe that led to the break of previous lower high. Bulls seem to be in the driving seat as first higher high is printed, if the momentum continues then we can expect further upside in price action as per Dow theory. Targets are mentioned 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.