Price builded almost perfect hammer in oversold area
ForceFollower
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I see. Anyway, I've just published a big picture idea of this market. Here I'm bearish, but on a bigger time than yours.
tradingview.com/v/HbUYHwRr/
ForceFollower
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Current price action with long shadows seems to favor your idea. Just bear in mind there's this black fork hanging over it. Failed to reach the median line the second time though, so the jury is still out.