Globally, we continue to remain within upward movement. Pay attention to the previous reversal pattern and you will find a number of similarities with the current situation. Last time, it took us 19 days to break the trend. To this moment, we have been in the area of hypothetical reversal for 9 days, so it's time to be patient.
We have retested the canal and bid farewell to the southbound train. Technically, this is what happened, but before us there is a number of resistances that need to be passed to finally confirm the change of trend. The level 290 is especially important.
At the moment, the price is in the grip between two litefinance_com_devtal accumulation levels . An exit beyond the borders of 290-300 range will mark a continuation of growth, and in case of a breakout of 220-230, we will proceed to a full-scale downward movement. All trade is now focused in this particular range.
Locally, in the M15 chart, buyers should not fall below the range 260-265, because below this level there will be a resale and a return to the borders of the medium-term downward channel is possible, which will cancel the signal provided by the channel retest.
The situation is quite fragile, but I still consider the huge volume of the purchase that took place on the market a week ago the most significant signal at the moment. And this signal indicates the possibility of continued growth in general.
Good luck in your trading!
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