After a prolonged downward move, price may be stabilizing and forming a short-term higher-low structure. If bullish momentum continues and price holds above the current support area, a move toward nearby resistance zones is possible, with further upside potential. Invalidation remains below recent lows.
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.
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.