All Indicators show the daily Downtrend and the Oscillator tells us that price is inside an Oversold zone. Today the main point is the formation of a new minimum "Red Dot" very close to the dinamic Fibo at 1253. The new minimum was predicted in the previous post.
At the moment we know from Oscillator that is possible to enter the market only short till price come out from the Oversold zone. If this new minimum will be confirmed in the next bars and price moves from below to above the -75 on oscillator we can enter long betting on a new bullish trend. This can probably happen soon with a pull-back on Fibo 100 and convert the bearish trend in a new bullish one.
Today recommendation is to wait new bars.
Good Luck!
