Bearish momentum seems like unable to follow through atm, price just wick through the previous low. However, this still not enough to convince me there is a bullish intention yet, wait for further PA development.
If price gives a strong bullish impulsive move from here which formed a V-shape recovery, I might consider for Long as this break might be a liquidation of structural LQ from the left.
As a conclusion, it's better to wait for price to show bullish intention (eg. bullish impulsive move) to play a Long from here.
If price gives a strong bullish impulsive move from here which formed a V-shape recovery, I might consider for Long as this break might be a liquidation of structural LQ from the left.
As a conclusion, it's better to wait for price to show bullish intention (eg. bullish impulsive move) to play a Long from here.