As it seen there is a strong support in dowside, suggesting to speculate in up direction.
Looks like it's going to bounce and head to the nearest resistance.
A better support is hardly to be found. Trendline 2 sliding and 1 falling channels are supporting at this level.
The trade 1.Support Valid Resistance Broken 2.Weekly trend line broken breached (Major validation) 3.Opposing level breached by Bulls (Major validation) 4.Profit margin 1:2 (minimum)
Yesterday's rise has been retraced sufficiently. It may get up again.
BGS