for mine, there has been some decent support (buying) come in at these recent levels, which can easily be seen on the weekly chart.
This should set the background influence of the chart to strong (or positive), unless these positions are unexpectedly dumped for some reason.
You can switch to the daily chart at any time, as I just used the weekly because each bar contains so much more information it can often clear up any confusion.
For a trade, you need to know in which timeframe you will be trading in, perhaps this note below will help.....
cheers
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Wyckoff trading method, page-931
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