We are currently near a important level to determine which direction we will go.
If we can close above the trendline AND the Fib level we will see bullish action. If we can not break this levels we fall back to the bottom of the channel.
On the bigger picture it still looks like a bear flag but this can change once we break this levels.
If we can close above the trendline AND the Fib level we will see bullish action. If we can not break this levels we fall back to the bottom of the channel.
On the bigger picture it still looks like a bear flag but this can change once we break this levels.