The gray descending trendline has been broken, in what looks to be a motive wave (green I-V).
I will be looking for green IV corrections, ideally retesting the trendline, for long trades.
On the flipside, there is no RSI divergence on the recent low, so the probability that we have seen a bottom is not that big.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.