Hi traders.

I have just zoomed in on the weekly timeframe and what I see is after this very bearish trend that started from 1830 got weaker before dropping a pin-like bullish candle, signaling a reversal. Also it has bounced right on the 100 SMA and seems to be heading up. In my view, if the price is still above 1740, we will have a trend reversal in favor of the Bulls with a target towards 1830 again or even further.

Please let me know what you think.