Breakout of a strong descending trendline signals a potential shift from bearish to bullish momentum. ✅ Higher highs and higher lows structure confirms a trend reversal, indicating buyers are now in control. 📈 Price holding above key resistance (now support) strengthens the bullish case. The breakout and bullish structure indicate strong upside potential.
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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.