The current price is digging deep into the Bollinger Bands
and last time it did that it signaled a wave upwards, and this time its far outside its Keltner Channels
. The lowest it can go is 7000 which would be the outer range of the Bands, but this mornings algo dip struggled to find sellers to take it down as far as it aimed which was 7500, hence bouncing back up, which signals that the Bears are running out of steam and that it is now oversold. What do you think?