On the weekly chart, price stands at the Wave, but has not tested the strong support at 80$. The impulse is still red, and the is not yet in an oversold condition.
Looking at the daily, the situation looks better here. There is a false breakout below the last swing low, and it looks like this area could form a ledge. The impulse is blue already and the candle on the 20th is pretty . The is oversold on the .
It will be interesting to see where this chart goes. The weekly is neutral, while the daily looks pretty .