We got our .61 bounce, failed to hold. Now were approaching our .76 with a possible inverted hammer which can usually be taken as a trend reversal candlestick. Oversold on our BB's..and from history we see how BB's have been respected. RSI nearing oversold and MACD still in bear territory.
If inverted hammer holds, id like to see a bounce to trend. If we break trend, with a MACD confirmation, a good bounce should play out..
If inverted hammer holds, id like to see a bounce to trend. If we break trend, with a MACD confirmation, a good bounce should play out..