Volume says a lot. Every time volume spikes on a weekly chart, it usually marks a top/bottom. After 7 consecutive weekly red candles with the most recent ending in very high volume, plus the bounce off of the 200W EMA could signal a possible bottom (or very close to it).
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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.