Stochastic RSI has a great double bottom forming on it showing heavily oversold conditions.
This is confirmed by the Bollinger Bands. The price has been riding the bottom band we should expect a Bollinger Bounce to happen near the strong psychological levels at the .236 fib area.
DIs are bearish and the downtrend is mildly strong. Watch for wicks on the next two daily candles as the price approaches it psych support.
This is confirmed by the Bollinger Bands. The price has been riding the bottom band we should expect a Bollinger Bounce to happen near the strong psychological levels at the .236 fib area.
DIs are bearish and the downtrend is mildly strong. Watch for wicks on the next two daily candles as the price approaches it psych support.
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