Some pullback into the KC, as expected (see yesterday's analysis). In the next few days, I expect the correction to continue. I expect to see some green bars (+/- some red bars) until we are back into the KC. As noted previously, any deviation from the KC is associated with extremes on RSI
. As we are at oversold territory on RSI
, I expect some short term bullish
reversals. Overall, the medium term bearish
sentiment is still unchanged.
See yesterday's analysis:
No position. Observation only.