Ichimoku shows me we're seeing a fake bearish move, a final attempt by bears to break through the Ichimoku support cloud at it's weakest point. This is unlikely to succeed as we have been building this bullish movement for many months and now have the steam to move forward. Bears may try, one more time.. it's ok. Patience will pay off.
Comment:
RSI shows oversold. Last time we hit this oversold position, we went up from $370 to $800..
