If we look carefully at the inclination of the trends lines since last December, we can observe how the bears are getting weaker. It the pattern continues, we would reach a point of trend reversal, and a bull trend could start to form. I'm talking about a 3 - 4 months time lapse.
Keep an eye out here what happens here at this bearish inflexion point. Could be an important level. Watch for the retest to get your confirmation on direction in the short term.
If it's a stop run, you'll see fading lower highs from here before rejecting the level.
If it's a breakout, you'll see higher highs and candles opening above the descending channel....
