We feel that the bounce which may start with today's gap up might sustain because:-
1. Price has reached very close to the important support zone of 16730-16980
2. Trendline support of the expanding triangle is also near by
3. RSI Divergence if materializes if green close happens today
4. EW structure looks complete - only condition is a green close
If the bounce sustains for short term, we will be keenly watching price behaviour near the blue zones marked.
Good Days Ahead!