Couple of things we see on this chart. Global trend line ( orange ) Descending channel broken ( black ) Reversal pattern 1 failed ( inverted hammer). Reversal pattern 2 (bullish belt hold) and tweerzers bottom (on going). I confirmed this trade with the current bullish session. Operation goes at it shows, we're waiting for the price to retrace a little bit for us to make an entrance.
In the graph above we can see the current trend retracement is approx at 0.5 fibb's level. We may expect even a further retrace depending on the bulls strength. Let's see what the market does next !