The market creates a hammer candlestick pattern with a pullback => showing that the demand is dominating. The volume is decreasing and the RSI is in the oversold area => positive signal, the market is likely to recover gradually and gradually increase again.
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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.