Seems like a H&S formation is in play, but it still has a neck to break and there's a triple bottom forming around 14.50 that worked as strong support. However, taking into consideration that DOW is more and more likely to fall further down and take down tech stocks with him, I think it's not a bad position.
From technical standpoint there's also it had nice bounce from 0.386 fib, to start forming this H&S so it can't get more technical and clear to what's in play here. VPVR also incredibly low on this interval, so sell off has begun already.
From technical standpoint there's also it had nice bounce from 0.386 fib, to start forming this H&S so it can't get more technical and clear to what's in play here. VPVR also incredibly low on this interval, so sell off has begun already.