The price has broken the descending trendline and created a bullish order block or retest of the broken trendline.
The Possible target is the High and if bears take over and push price back below the broken trendline, market may range before deciding the next impulse.
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.