We saw a very successful bounce from the bottom of the golden pocket thanks to the 90-day tariff pause announcement, however we have stayed inside the downtrend pattern which I have highlighted. We could see a slow and steady decline back towards the golden pocket area. The theory here is that if we bounce again, we would be looking at a double bottom which is a bullish signal. Let's see how it goes. Feel free to let me know your thoughts.
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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.