Price was in a strong downtrend, however now it seems that bulls are assuming control of the price action. A triple bottom reversal formation with bullish divergence confirms bullish notion. If previous lower high is broken with good volume then we can expect a good reversal as per Dow theory. Targets are mentioned on the chart.
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.
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.