I am looking to enter long until at least the pink dotted downtrend line around $170. If we break that we should look to test the levels starting with 0.236 with possible target orders around 250-275. Riskier traders could wait and see if 0.236 provides tough resistance or if it breaks and assess from there.
has shown two divergences along with ADX/DMI showing no strong trend one way or the other. DMI+ and DMI- have been criss-crossing with no real direction and coming at the end of a bear move this could signal weakness in the prevailing trend and a new about to take hold. If we see a strong cross of DMI+/DMI- and rise sharply; then I would follow whichever way the wind blows. I lean in the context of the other indicators and the divergences however.
Take a look at the chart for yourself and glean from it what you will.
Best of luck and happy trading!