Price was in a strong downtrend, however it seems that the accumulation phase has started, and with a double bottom printed alongside the bullish divergence, a bullish move is on the horizon. Wait for the break of previous lower high with volume as that would confirm bullish sentiment 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.