Price was in a downtrend, however the bulls seem to be gaining control of price action as a bullish divergence on daily time frame as emerged. Moreover, previous lower high is also broken and a higher high is printed instead, now if if freshly printed higher high is broken then we can expect a bullish breakout 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.