Price has been moving down this descending channel and respecting it, as well as, the fibonacci levels as price declination occurs.
Stochastic RSI bounced and looks to be forming a double top.
RVI is currently in a double bottom formation.
Those two indicators in combination with the dragonfly doji may be signalling another bounce to the .236 fibonacci line.
Kumo, Tenkan, and Kijun are all still bearish and I would not expect large price movements.
Stochastic RSI bounced and looks to be forming a double top.
RVI is currently in a double bottom formation.
Those two indicators in combination with the dragonfly doji may be signalling another bounce to the .236 fibonacci line.
Kumo, Tenkan, and Kijun are all still bearish and I would not expect large price movements.
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