What is next?

IWM gives us mixed signals.
It gives both bearish and bullish signals, which can be disturbing, but I have a strategy for that too...
But first let's analyse the chart.

A symmetrical triangle is forming after a huge seloff.
Meanwhile, the weekly S2 pivot point (165.77) and the POC (168.51) are squeezing the price into a tighter range.
The tighter it squeezes, the bigger the breakout will be.

At the same time; MACD shows a regular divergence, which is bullish.
The RSI was oversold(<30), now it is back above 30 and rising, which is also a bullish sign.

On the other hand, we are still in a downward trend, so a continuation is possible.
It supports the fact that today's green candle is low in volume, which means that participation is low.

Whatever the situation, I expect a huge breakout in one direction or another.
In my opinion, the "straddle" option strategy is best suited to this situation.
I am playing the 18 Nov 22 169 straddle.

Support: 165.77, 155.58
Resistance: 168.97, 172.63, 178.24