stanpoet

stanpoet

The Price has failed to break below the support line at 2017 and appears to have reached a pivot point ready to head upwards, even if it just a pullback. The downward market pull is also weakening at the same time.

stanpoet

Price is currently resting in an accumulation/distribution zone being supported by a bullish order block while in an oversold state on the 15 Minute timeframe. Nonetheless, the orientation is still primarily bearish in the short-term.