A distinct double bottom formation has formed on the chart following the recent decline.
The price reacted strongly to the major support area, and the outlook now indicates upside potential.
Roadmap: Breakout of the neckline.
If it persists above this level, the trend direction should be reassessed.
The price reacted strongly to the major support area, and the outlook now indicates upside potential.
Roadmap: Breakout of the neckline.
If it persists above this level, the trend direction should be reassessed.
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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.