Price is below the neckline.
Long impulse wave up and price is well below the neckline.
Short percent is 1.81%.
Price is below the bands set on 80 so possible bounce to the upside soon. Price being below the bands can be a bearish signal, but when price is stretched to the downside, it is not unusual for price to snap back in, even if temporarily. This looks risky to be long for any length of time, but a short term pop is possible. A support level is not far below price from a prior bottom.
No recommendation
Long impulse wave up and price is well below the neckline.
Short percent is 1.81%.
Price is below the bands set on 80 so possible bounce to the upside soon. Price being below the bands can be a bearish signal, but when price is stretched to the downside, it is not unusual for price to snap back in, even if temporarily. This looks risky to be long for any length of time, but a short term pop is possible. A support level is not far below price from a prior bottom.
No recommendation