Bullish: on the daily I see a double bottom which already seems to be playing out, with a target of 3867.92
on the 4hr it seems to be forming a bull flag, where price is currently ranging between 3616 and 3645. target for the flag is 3752.03 confirmed by fib.
on the 1 hour, I see another double bottom with a target of 3668.87, also confirmed by the fib.
all of these pointing bullish.
bearish: honestly all I can see that could be bearish is that price could possible bounce off the top trendline of the channel and proceed downward to a target of 3607.34, which also can be confirmed with a fib.
I am leaning slightly towards bullish. however anything is possible and we should always be prepared for any outcome.
on the 4hr it seems to be forming a bull flag, where price is currently ranging between 3616 and 3645. target for the flag is 3752.03 confirmed by fib.
on the 1 hour, I see another double bottom with a target of 3668.87, also confirmed by the fib.
all of these pointing bullish.
bearish: honestly all I can see that could be bearish is that price could possible bounce off the top trendline of the channel and proceed downward to a target of 3607.34, which also can be confirmed with a fib.
I am leaning slightly towards bullish. however anything is possible and we should always be prepared for any outcome.