The high 2 bull flag from a few weeks ago failed, but the selling pressure is not that strong and is weakening (tails, micro double bottom). This week ticked above last week, triggering a second entry and EMA gap bar, but last week was a doji bear bar, making for a weak buy signal. If this week closes on or near its high, it would be a better signal. There are still open bull gaps below. The bears need strong consecutive bear bars an to fill the 10.50 gap before they have a chance of taking control.
Beyond Technical AnalysisChart PatternsTrend Analysis