Oversold on the hourly, which could lead to a pop here.
RSI showing bullish divergence
CCI oversold -100..
Could see a pop to 23.88-24 where it could fizzle out. If we breakover 24 that would lead to a double bottom to 26.50.
At 26.50 is the 200sma daily.. I don't think we break back over this without an overall market reversal
RSI showing bullish divergence
CCI oversold -100..
Could see a pop to 23.88-24 where it could fizzle out. If we breakover 24 that would lead to a double bottom to 26.50.
At 26.50 is the 200sma daily.. I don't think we break back over this without an overall market reversal
Note
Same time frame, looks inverted H&S now
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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.