Monthly Confluence is telling me are indeed in a Bullish Market. We have a Bullish Pennant located right at the 61.8% Retracement which institutions do on purpose right at market closure so participants can pretty much gamble their money with either going long or short. For me to enter Long i'd like to price to show me an indefinite buyer market breaking above local resistance, if price comes back down hitting the red line, that means the trade is invalidated (No good). If price does continue lower and hits the green line, its a safe understanding that price did in fact reject of the 61.8 retracement and we are in a Bearish Continuation Market.