Chart patterns are various on this one.
Blue shows the price has been rubber-banding in a channel that was recently broken to the downside
Wedges in white and price is nearing the bottom of this wedge channel
Ascending triangle in pink.
Stochastic RSI - Bullish cross was denied and bounced from past resistance. Heading back to support for another bounce.
RVI has been oversold. Volatility and momentum increasing.
Blue shows the price has been rubber-banding in a channel that was recently broken to the downside
Wedges in white and price is nearing the bottom of this wedge channel
Ascending triangle in pink.
Stochastic RSI - Bullish cross was denied and bounced from past resistance. Heading back to support for another bounce.
RVI has been oversold. Volatility and momentum increasing.
Comment:
Price dropped though its support and should be reversing soon judging from the wicks and dojis.
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