As you can see, the downtrend was a very extensive one and now the price is rounding out forming a support and Bullish divergence. Price will trade more in a range until we see a breakout either further below or back up to form a rally/uptrend. I expect price to retest support and then form rally, got to be patient and see how the market will unfold.
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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.