Price was in a downtrend, however a double bottom reversal pattern has appeared on the daily time frame, hinting the return of bulls. If previous lower high is broken, then we can expect a bullish reversal 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.