Volume has started to increase alongside the recent move higher, adding credibility to the recovery and suggesting accumulation may be underway.
The major resistance zone overhead remains the key battleground. Bulls need a decisive break above this supply area to confirm a larger bullish structure shift. Until then, this remains a recovery attempt within a broader range.
Support is holding near the recent base, and as long as that level remains intact, the bullish outlook stays valid.
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Related publications
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.
