We can see in in the daily chart that the price has reached the order block area from a downtrend and gave us a hammer candlestick which provides us a high probability of a reversal trend to be an uptrend. We can also notice that the tail of the hammer candlestick has cut through the Bollinger bands bottom line and the RSI is oversold which supports and gives more strength to the analysis.
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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.