Okay this is what I see, two cases, and i cant determine which...

Okay this is what I see, two cases, and i cant determine which one takes precedent

Bullish move, 2.40 is the target.   failures to re test the highs in May resulted in the break to new lows. Once it broke selling pressure sent it to the 2.05 - 1.935 region where it re tested the breakout made in November 2015. The selling pressure stopped noted by the middle of May and Jul. The pros tried to push it to new lows with volume, however that failed as the price held its ground at 2.05 mark noted by the end July and start of August bars.


Bearish move:
Last candle, narrow price spread with high volume = bearish move, failures to re test the highs


The more i think about it the more i lose arguments for either for or against a bullish move LOL

This is second attempt with the chart, I thought a fresh mind over breakfast could help me make a decision turns out, I made myself more confused. I consulted this book and all i've been thinking about is creeks.. and how to jump over the creek