We are at a huge level of Support on the higher Timeframes and bears seem to be running out of steam. Last H1 candle engulfed bullish and on M5 there is inverse head and shoulders. Market patterns aren't very reliable generally on such small timeframes but, it made a lot of sense with higher timeframe candles.
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.