The trade is valid. Look for a breakout above trendline for further movement
Downside is in tact. Sentiment has allowed for shorts to be added. CFTC COT is with the trend.
Must wait for weekly close above price zone.
Watch for longs off of daily support zone. Stops below. Market is currently in consolidation. Momentum must pick back up for continuation
Momentum must be regained via break through upside TL
Watch for daily break below zone and level. Target zone to the downside.
Watch for a daily close above blue zone to target upside
Currently bias is for movement lower. A close above daily TL brings us back to blue level.