We have an uptrend which is in the correction phase now. Price has retraced 50% of the last upside move and has approached to the first demand level
. The negative bars of MACD
are becoming shorter and weaker which means there will be more upside pressure. IF price gets rejected by the demand level
in lower time frames, we can expect a rise. Otherwise, price may go lower to the second demand level
and IF there was any push by this level, it may grow.