A hammer candlestick pattern at the bottom of the Parallel Channel along with a weekly Bullish Hidden Divergence provides an indication towards the reversal of the downtrend.
The relative strength is also supporting its cause.
The relative strength is also supporting its cause.
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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.