This is a pattern that we see play out quite often.
-Price makes a low -Momentum is still strong, so price makes a lower low -Momentum starts to slow, and the price makes a higher low -Buyers start to step in, and the price pushes up
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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.