I know everyone loves to see a very clear “buy” or “sell” signal, but the reality right now is that we’re still operating inside of a relatively large descending triangle , which is a bearish pattern , and on top of that it’s coming off of a large down-leg, meaning, technically, this is a bearish continuation pattern, but there’s no confirmed breakout yet and jumping in right now is extremely risk as it can always go either way.. The stop-hunt this morning means nothing as those moves are meant to shakeout over-leveraged traders in both directions. The idea is, fake out, fake out again, double fake-out. fake a fake out, double-fake a double fake out, and repeat a few more times — until all of the leverages traders have lost all of their money — THEN start the next trending move.