Price was in a downtrend, however a bullish divergence with a double bottom reversal pattern hints the return of bulls. If previous lower high is broken with good volume then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
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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.