Any more sell off and our rsi is going to hit a nice undersold value and top of that a bearish divergence with the macd which lines up a good bear trap which is a prime position for the bulls to retrace with strength and cut off weak links.
RSI will be oversold if bears push anymore ,which will develop a bear trap with bearish divergence indicators in favor
Bounce with strength will cause bears a reduced position at the 38-40k line again.with 2ndary test viable for bulls
RSI will be oversold if bears push anymore ,which will develop a bear trap with bearish divergence indicators in favor
Bounce with strength will cause bears a reduced position at the 38-40k line again.with 2ndary test viable for bulls