did exactly as planned. It dropped the height of the rising wedge
and found support on the falling wedge
it broke out of before the long consolidation. THIS DROP
HAD TO HAPPEN. too many people were bullish
. If you look at the monthly stoch RSI
, we have hit the absolute bottom of oversold and this hasnt been seen since JUNE of 2015!! Be careful because of massive panic. This makes the spot we are in VERY VOLATILE. but this is support and we only have up from here!
First level to bounce up to is 7200