UO and do not show hard confirmations in the reversal yet, so expect slow price action until that is present.
When UO crosses 50 pt line and crosses itself to positive that will be the upside trigger.
Price action to follow.
**Disregard UO , from different time view on reused chart.
Looking at a different time frame (1 Day) you can see price oscillation setting up for a bounce on the UO.
I expect that because of the potential for UO to bounce and continue on upward trend that it is currently on.
(This not pictured in posting).
Only bright side is that the 4hr moved into oversold territory.
Still not a clear indicator that a reversal is ready until more oversold shown on RSI at the Daily and hopefully the weekly.
Though...if it drops to below $1, that would be a strong opportunity to buy.
Still expecting next year to provide a strong rebound.