Bullish Scenario:
Tested & bounced off 100 EMA & Trend Line
Waiting for daily close above 0.786 Fib Line to confirm if Bulls are in control
MACD & RSI breakout
(May need to retest 100 EMA & trend-line before any more upside momentum)
Bearish Scenario:
Below 20 & 50 EMA
Trend-line broken towards the downside within the triangle
If Daily candle closes below the 0.786 Fib Line, confirms Bearish continuation
If we close below 10k, bears are in power
May test the 200 EMA (8800-8600 level)
Tested & bounced off 100 EMA & Trend Line
Waiting for daily close above 0.786 Fib Line to confirm if Bulls are in control
MACD & RSI breakout
(May need to retest 100 EMA & trend-line before any more upside momentum)
Bearish Scenario:
Below 20 & 50 EMA
Trend-line broken towards the downside within the triangle
If Daily candle closes below the 0.786 Fib Line, confirms Bearish continuation
If we close below 10k, bears are in power
May test the 200 EMA (8800-8600 level)