After a strong Bearish run, price has reached a FZ(flip Zone) near Fib 78.6 of last up swing which also coincide with a RBR. The current H8 candle(which has yet to close) is showing sign of strength with its upper wick extending beyond the last 2 candles. When such price action happens near a important structure, it usually signify a potential reversal. Will be looking for confirmation to go LONG to target Fib 61.8 of the last down swing which is the previous support(clearer on the D1 chart)
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PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
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