Thanks for running that through the translator for us. Much appreciated :)
My bias remains to the upside, simply because we're still in a higher time frame bullish trend.
If it does break to the downside however, I wouldn't immediately call it a bear market until the trend properly changes.
There's a lot of support just a little lower than the trend line on your chart which price would have to keep breaking through in order to properly change to a bearish trend.
Something that at this stage is probably less likely to happen than a breakout higher so I'll be playing for that instead.
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