Last week price failed to make a new low but instead making a push higher. It might hint that the trend is shifting to bullish but at the current moment it is 50-50. A big bearish key reversal on Friday might indicate that bearish is not done yet. Furthermore look at the weekly candle. The upper and lower wicks are about the same length and the body is more or less in the middle. Next week price action in the 50-50 area might give a clue on where price will go next. However only a close higher or lower of the current high and low of the area will provide confirmation of the future price movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.