I placed arrows that are correlated with the RSI, Green represents the Oversold & Red represents the Overbought.
Where we are now is at an Oversold zone, which I do believe we may see a Bullish reversal to test .30 through the weekend with a consolidation above .25
Or we could see a Sell-off & create a Double or Triple Bottom like we've seen plenty of times from previous Oversold areas.
Where we are now is at an Oversold zone, which I do believe we may see a Bullish reversal to test .30 through the weekend with a consolidation above .25
Or we could see a Sell-off & create a Double or Triple Bottom like we've seen plenty of times from previous Oversold areas.
