On the left we can see a solid bear flag
with a breakout AND a successful rejection from the former support. However, when we zoom in on the right, we can see there might be something else going on here. We have a small H&S
which seems to be failing already with a good bounce up already. If that red zone breaks it could be a first sign. If the red on the left breaks it would mean the bear trap is very likely. If the green support breaks it will be very likely that it just continues to drop
as the bear flag
is already suggesting.
The blue line is a big resistance level
from that big gap we can see.
Since it's december and closing in on the holidays, is also in favor of the bulls.