TechnoMeter

W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition with secondary ranging within Fibo resistance level at 15.90 and Fibo support level at 13.64. Symmetric triangle pattern was formed by the price to be crossed for direction, and RSI indicator is estimating the secondary bear market rally to be started within the primary bullish market condition.



If the price will break Fibo support level at 13.64 so the primary bearish trend will be continuing without secondary ranging.
If the price will break Fibo resistance level at 15.90 from below to above so the local uptrend as the market rally will be started within the primary bearish market condition with the good possibility to the bullish reversal in the future.
If not so the price will be ranging within the levels.

Trend:

W1 - ranging bearish