Nothing sure in market guys!! Anticipate , Observe , Analyze and Risk small , ALWAYS.
Descending Channel , Lower continuation is likely to occur. However , We cannot predict the market. All we have is price and need to learn how to read it correctly. I'm just reading charts. Spike from lows , spike from high. A lot of indecision in the market. Better to stay out or at least Risk small.
Nice rejections around Monthly/Weekly/Daily Support levels. If can sustain this momentum we can see higher prices
Nice Weekly level rejections , price is trading lower , if price breaks trendline , close lower and hold there we can anticipate lower prices.
No shorts until break of ascending trendline. Upside targets - 70 or above
Interesting chart , however it's early to say which direction is winner. I'm on my hands for now , anticipating something interesting to happen before decide whether to trade or not.
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
Buy Low , Sell High rule. If hold this level , we can anticipate higher prices
As you can see , we need more price action to show us more clean direction.