Price has bounced back from the downside line of the major triangle and has managed to stay much above the 106.52 static support. I've drawn a minor ascending pitchfork, so a retest of the lower median line (lml) followed by a significant increase will signal a larger rebound in the upcoming period.
However, a valid breakdown below the wl4 of the former ascending pitchfork and below the uptrend line will invalidate the bullish scenario.
However, a valid breakdown below the wl4 of the former ascending pitchfork and below the uptrend line will invalidate the bullish scenario.