Hello Dear friends
Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern.
To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range.
If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened.
We would be happy to hear your comments