The price has approached the dynamic descending trendline while entering the Potential Reversal Zone (PRZ) of the Butterfly harmonic pattern. Given the confluence of technical factors and within the designated time frame marked on the chart, the conditions appear favorable for a potential bullish reversal.
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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.