Price could see a rebound off the previous support level forming an inverse head and shoulders pattern. A successful H1 rejection will allow me for an entry with a confirmation of bullish HA candle. Price to retest previous support which would now be potential resistance. Beyond that, if price pushes through the 200MA, we could see further upside.
I was previously more bearish last week (based off D tf but price just doesn't seem to want to break down so here is my update)
I was previously more bearish last week (based off D tf but price just doesn't seem to want to break down so here is my update)