Considering the price has penetrated the MidTerm trendline for about 4 days, and also we have seen two consecutive Higher Highs and one Higher Low since Dec 20th after forming a triple bottom pattern in 4H time frame, I believe the short-term reversal has been confirmed. Right now the short term trendline has been penetrated slightly which I believe is a fake one,...
Downtrend has already been broken and the price is trying to break the 0.5 fibonacci resistance. Also modified Schiff fork shows significant validation. Long position in weekly time period is advised.