The next few days will be critical, a break up or down from these critical levels is a clear indicator of a move.
- Green Trend Line = Weekly Downtrend for previous ATH
- Orange Trend Line = Daily Bearish Trendline
- Red Support Line = Current Bear Cycle ATL
1) A break above the Green/Orange trend lines would indicate to me a move upward, possibly setting out a change in macro trend direction.
2) A break below the Red support line would indicate to me that price wants to move lower and set a new low.