Price was in a strong downtrend, however the matured bullish divergence led to the break of previous lower high and the trendline. The breakout suggests that bulls have assumed control of the price action and if the freshly printed higher high is broken, we can expect a bullish reversal. Targets are mentioned on the chart.
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.