Civic has been trending downwards, but ADX shows no signs of a strong trend. Low volume supports that. Stoch RSI is showing it has been oversold for quite some time now, but more importantly, despite the price going visibly down, the on volume balance shows a small uptrend. This lack of change in OBV is a sign of a possible breakout.
The shaping pennant pattern, pointing downwards, is often associated with an upward breakout.
The price has already retraced more than 60% from the peak, and there is a good chance there will not be an opportunity to buy lower than this. Time wise, the decision to invest must be made around the yellow circle, which it makes it 12-18 hours from now.
Very good analysis i must say and i agree with the downward pennant indicating a possible imminent bull run. Although the MACD still seems to be indicating a bearsish slope as of now. Ill be waiting for the Fib time zone.
HumbleDumbell
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@Nightblood, Thank for kind words. I forgot to check MACD during the analysis. It seems it also shows a weak trend to me although it is moving under the 0 line. It looks like tomorrow is the day for decision making. I am placing a small order close to the next fib level just in case. =)