Very clear levels here. Big bullish triangle and its counterpart: big bearish head and shoulders. I would keep an eye on RSI 50 level, if price break that level and hold we will witness the begining of a new bull trend. I want to see the price breaking the current VPOC level to invalidate the posible head and shoulders.
On the other hand if price stay below 50 level the last push might be a bear retest of the posible head and shoulders, in that case... bear continuation. If this happen keep an eye on the bottom line of the triangle.
On the other hand if price stay below 50 level the last push might be a bear retest of the posible head and shoulders, in that case... bear continuation. If this happen keep an eye on the bottom line of the triangle.
Comment:
Comment:
Today and tomorrow it will be very interesting to see how it closes on a daily basis. If it closes under the purple line I expect a continuation of the bearish trend.