- Trend = bullish
- Phase = 1 (possibly reversal towards phase 2)
- After the flash crash, the price retested the weekly low again, but managed to close above the weekly low, maintaining the weekly bullish structure.
- The level to reclaim to be bullish again is 115.268,01 $.
- Even if we see any bullish reaction, we need to remain cautious. The level 115.268,01 $ and also the level 119.415,55 $ can both act as a shoulder level for an eventual head and shoulders pattern. But we don't have a break of structure yet, so we remain bullish.