Bullish Scenario:
- Bounce from this level could potentially followed by RSI trend breakout.
- in case RSI trend broken out, could potentially take out resistance zone
- get out from multi month bear trend (falling wedge breakout)
Bearish Scenario:
- Failure to move higher potentially paint a PARTIAL RISE
- Partial Rise can be a sign of downward breakout
- Bounce from this level could potentially followed by RSI trend breakout.
- in case RSI trend broken out, could potentially take out resistance zone
- get out from multi month bear trend (falling wedge breakout)
Bearish Scenario:
- Failure to move higher potentially paint a PARTIAL RISE
- Partial Rise can be a sign of downward breakout