Today we formed yet another higher high after recent shakeout that happened on 1st of Feb. One could argue that in this shakeout we successfully back tested a descending trend line, so that is clearly a bullish sign. Let us not forget that we could still be reaching much lower to possibly test lower trend line in a short term but that is just little noise in a price chart compared to what is coming.
I am not a financial advisor so don't buy anything that a say, cause a could be wrong. It's always the best to use your own research when deciding how to trade. Be well.