The market is showing price rejection around the highlighted blue rectangle area. This could signal an upcoming bullish move in the market as a reversal pattern the "double bottoms" forms. We only enter when the market breaks out of the bearish trending channel, at the green marked price with the red as SL and 2 TPs in blue.
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.