Price is printing a descending triangle pattern which also looks like a bull flag.
The 1280.0 area which confluences with the 200EMA is a strong zone aand if prices break below there, my sentiment would change to bearish.
I expect price break above the descending trendline before we can see a stronger push to the upside.
A bullish inside bar formed with the...
1). Price is sitting on a monthly PRZ (Yellow line).
2). The Red line (1280.0) has acted as a core area of value in recent time with strong bounces.
3). A double bottom has been printed on the 1280.0 level
4.) Last weeks candle closed in a bullish inverted hammer with its body engulfing the upper weeks doji.
5. I expect price to bounce and test the previous...
