Price has broken above the triangle pattern showing a potential bullish momentum. We are expecting price to push from the pivot level ( in line with 61.8% Fibonacci extension) towards the 1st Resistance in line with 78.6% Fibonacci extension. Our bullish bias is further supported by the price holding above the 100 period MA and RSI indicator abiding to an ascending trendline.
Alternatively. Price Might Reverse All The Way Down To The 1st Support In Line With 78.6% Fibonacci Retracement.