The setup right now seems to indicates that the sellers may have expanded most of the energy and that a trend reversal may be nearing.
Although with that said i would wait for shorter candles to move into support(S1) before looking to go buy and go long. Long powerful candles into support usually mean that sellers are still pretty much in control.
Barring any...
Short term wise, it seems like we are still bullish, although if we were to trend below the 50MA and head towards S1, i would open my long position at areas of value like S1. Probably 1-1.5ATR below it. But despite that i think that even if we were to trend below the 50MA, it would only be a short correction before we head back up.
Long term wise, it seems like...
