The price is currently at a very strong support zone of both the downtrend channel and the market as a whole The stochastic also shows an oversold, therefore needs to head back up Head onto the lower timeframes and look for bullish reversals
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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.