Looks like we can have a potential start of move up. Expecting some more of consolidation before the up move.
Reasons to expect long very soon:
- Brake of major trend line
- Hit of pretty powerful supply zone
- Brake of 50 SMA (waiting for the bounce of it)
- Oversold RSI
I think we might have at least one more move down before start looking into buys, however the price can easily spike up one more time before the drop making all situation tricky and confusing. Stick to your plan when trading! =)