Here's a good opportunity for the bulls to prove they are still alive.
As of late, selling has been showing some signs of exhaustion and important support levels have held in a long consolidation while the big bears don't bite, creeping up making -borderline- higher lows since the January 15th bottom.
The red that dates back to November 2013 seems overtested and ready to be broken.If that were to happen we might see an explosive retracement definitely worth the trade, after which the price might decline to retest the low.
If, however, the held.. I'll just quote Banker928: "poor bulls"..
Will they wake up from this nightmare?