The market stays in the downtrend and we should be ready to see the further falling in the long run. But there is a strong support level not far from the current price where we will be able to get a buy opportunity. If the support zone at 2.60 level can stop the market and we get a confirmed reversal signal, it will be used for buying with stop orders below the local swing low and profit targets at 3.00 and 3.15 resistance levels.
RSI confirms the reversal from SMA50. MACD supports the downward movement. DMI is bearish and ADX line starts an upward movement. It tells us that bears have power and they can push the market lower. The signals from indicators confirm that the market can reach 2.60 support level. So, we should be ready for buying if the market gives such opportunity.