Although the probability is low when the price must move against the upper time frame trend, an LTF Bullish Dragon Pattern is potentially forming. Look at the 1H chart. If the current low holds, a rebound may be up to the red box. If not, 51.9k will be the last line of defense.
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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.