Price has formed a wedge pattern which signifies an upcoming uptrend. The price couldn't break below further and formed a Double Bottom pattern, which shows that the Bears are losing their push in the market. A push above the resistance trendline will be likely to occur as posed by the arrows.
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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.