main downtrend, that lasted for long time, correction is needed. On Fibo 0.618
EFI goes to 0, looks like reversal
If retracement lower than 30% = strong momentum, worth buying
For now, the price fixed above old SR but have lost momentum.
shows divergency around A
Buy volumes getting higher.
In my perception due to market and pressure, the price could not stand higher for long time
I expect slight correction and slow buyers momentum.
Now, because the trend is not clear and confirmed
I wait for finishing formation to see how strong buyers are, but presumably they will make spike to 5(C) and then trend will continue falling.
Only after that I will consider short opportunity.