After it had been hard pressed downwards, this market managed to recover up to the last swing high, where it met with another pressure. The style of the recovery tells us that there have been approx. six instances of the bears' efforts to press it down again. Finally they made it more substantially at the top and upon another recovery repeated the pressure. It's become quite choppy now, but I expect it eventually to break the bull trend line and make it at least to the blue support level.
However, if the bull trend line holds, the resistance above gives in and the gray fork is finally abandoned (on close), it may be a significant change in behaviour and things will start looking very bullish here.
However, if the bull trend line holds, the resistance above gives in and the gray fork is finally abandoned (on close), it may be a significant change in behaviour and things will start looking very bullish here.