RSI weakened and broke below 50. MACD turn down and appears to be headed lower. Testing bottom of triangle support on a gap lower. Momentum is failing and likely not going to pan out to potential. Even if price breaks out, it will likely be a false move. Potential support at 18.50 and beyond that 16.60.
Weekly chart also confirming waning strength. Since we never received a buy signal, nothing is lost. Other trades out there in much better shape.