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Could be a double bottom (attempt) here but personally I read the current congestion area as a consolidation therefore more likely to continue down.
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Dip buyers are cautious, so are the sellers. reversal price action search. so far so good on the oversold bounce overnight, can it sustain? very weak right now. weak source.
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Now is the bear's last chance to make a 2nd leg down.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.