It may be too early to call it, but looking at RSI and price action, I think some cautious buying can be done here.
This retracement leads to a lot of support zones from historical peaks and valleys.
We have had 70 days of selling with very minimal bounces.
A little short squeeze before we further retrace more likely seems like it is about time.
Best of luck trading.
This retracement leads to a lot of support zones from historical peaks and valleys.
We have had 70 days of selling with very minimal bounces.
A little short squeeze before we further retrace more likely seems like it is about time.
Best of luck trading.
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