Looking at low timeframes we are in the middle of a descending wedge
, that is the retrace of previous high (444 erea). I'm looking for a possible breakout to the upside. There is also an information on OBV indicator, that suggests a bullish divergence
. Both a measured move and previous trendlines
on the downtrend phase are pointing to the 450-460 area as a possible target.
Good luck for your trading