Resting right on the 50EMA and bottom of the .
Failed to close above 200EMA and tested back down to bottom of the .
traditionally leads to lower prices but that's after the breaking of the lower .
Possible test of .618 fib level which also meets with the 200EMA.
Possible short-term upside play with stop loss can be practical.
A good confirmation overall would be a daily candle close or two above the 200EMA, creating enough of a divergence between it and the 50EMA, also creating a new high in this micro trend.