The RSI Indicates we've created a Double Bottom which should get us up above .29 & may even test .30 heading through the night into Tuesday morning.
I've labeled 2 potential patterns that may unfold moving through next week. We may pass .29 test .30 then fall below the support at .28 then continue downwards in this bearish trend.
Or we could break through the .30 resistance with a retest & continue moving through the .30's creating a new Bullish trend.
I've labeled 2 potential patterns that may unfold moving through next week. We may pass .29 test .30 then fall below the support at .28 then continue downwards in this bearish trend.
Or we could break through the .30 resistance with a retest & continue moving through the .30's creating a new Bullish trend.
