Neutral until broken.

This is a longer term rectangle with 6 candles that touched or came very close to touching the top line which is resistance.
Some would swing trade inside the rectangle.

Price is bound between the 2 lines of the rectangle until it is not (o:

Possible W Pattern forming/No recommendation.

Price has bumped in to the .786 of the first leg down of the W pattern today. However, price only pulled up on the 2nd leg to the .236 of that 1st leg down. This would, in an orderly world, rule out a Cypher but this world has not been orderly as of late. )o:

Valley 2 is lower than valley 1.

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