Looking at our trend timeframe we see price has remained in an aggressive downtrend, and now looks to be attempting to break out. showing momentum is heading towards the downside, however price could be possibly forming a .
Shifting over to our pattern timeframe we can see from previous price action history 3300 is a possible . showing momentum is heading towards the upside with no signs of slowing down, and price action has just formed a . A 4hour close above 3380 activates our trade.