Currently price action is in a holding pattern called equilibrium pattern which similar to a symmetrical triangle. This pattern is neutral and favors no breakout direction. But looking at the indicators, I see more bearishness than bullishness. The OBV is tightening indicating a move soon, and the RSI is trending down and below 50%. I superimposed the September fractal which resulted in the breakdown of its equilibrium pattern.
In case it break up, the likely target is previous support and the resistance of the channel.
In case it break up, the likely target is previous support and the resistance of the channel.
