1. On WEEKLY/DAILY time frame it is clearly an UPTREND 2. Currently its in RETRACEMENT MOVE. 3. RETRACEMENT MOVE got rejected at 61% FIB 4. At 61% FIB :- Previous RESISTANCE becomes SUPPORT 5. Aslo BULLISH PENANT pattern can be observed Thus a breakout either of PEANANT PATTERN or 51%FIB or takings SUPPORT either at 50%FIB or 61%FIB would be a good sign of going LONG. [NOTE:- Signal like PINBAR/BULL.HARAMI/BULL.ENG at this level i.e 50% or 61% FIB would increase the PROBABILITY of our TRADE]