Looking for a double completion to end this corrective move into the next leg up.
StochRSI can prove of importance in market situations similar to what we are experiencing; swift moves appear more accurately on a stochastic than regular RSI indicator.
We see that the stoch resetting itself at the moment on a larger timeframe. Watch it closely.
*Notes: - Triangle (Y) may expand and be larger than theorized in chart. (As always, (E) of a triangle can overthrow) - Pay close attention to the stochastic RSI. Price has remained relatively flat, while the stoch has taken a nose dive (hint hint) - Price may drop lower than visualized, regardless, this is merely corrective.