After a long bearish period from the end of March to the end of May, we are now witnessing a reversal of the trend. If you were not already in the trade, now would be the perfect time to enter. We are currently entering the final phase of the Elliott's Wave pattern. This paired with the rebound of the trend line and the 61.8 fib gives us a lot of evidence pointing to an uptrend. Moreover, if you zoom in you will see the engulfing candle, giving us even more confidence.