We've been in this disgusting descending triangle
for the last few candles shown. This is news for all you bears out there, in the short term we're looking at some decline. Candle touched the descending line at the 0.618 fibonacci retracement
and was rejected hard, you can see where with the red arrow on top. Stoch RSI
is overbought and we're on a decline there as well. Looking at the third indicator on the bottom, Vix
Fix by Chris Moody, shows that we're not at (or near) a market bottom. We're looking to bounce in this wedge
, and looking to break (hopefully upwards) in 3 days, keep and eye on the time block.