Would seem like a good time for a reversal to me since we have a .618 correction of the previous rise and encouraging RSI
. Also recent low is at the bottom of a decent looking channel. But still have another gap at the .78 level that has not been closed so need to wait for a positive candle formation to see if correction is over. Take care.
If you do take a position now I would use any close below recent low of 15.60 as a stop.