I am gonna make a bold call for Bullish reversal here. Some might call me crazy after the strong Bearish run. But I will highlight some reasons why I think it might be going higher soon.
Firstly, price has reached a weekly demand zone near a structure low stretching all the way to Jan 16. Secondly, there's higher volume seen compare to previous days of down move. Thirdly, these volume(value area) are concentrated on the low range of Fri range. Drop down to H1 to check out this value area, I see both signs of real demand(up move with high volume and sign of strength(down move with low volume).
With all theses evidence, I surmised that price might be due for a Bullish move soon.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.