Looking at the daily and the weekly, it seems like the sell-off is gradually starting to taper.
The daily 10 SMA is looking to do a 180 turn and the PPMs support it. There may be another one more session of continued selling for the stop-hunters but by and large, I would think the downside could be limited.
Of course, being still in no-trend territory, all the PPMs will need to do more work to get price moving back up again, so it may be some sideways trading while waiting for the PPMs to catch a wind before price goes back up.
The daily 10 SMA is looking to do a 180 turn and the PPMs support it. There may be another one more session of continued selling for the stop-hunters but by and large, I would think the downside could be limited.
Of course, being still in no-trend territory, all the PPMs will need to do more work to get price moving back up again, so it may be some sideways trading while waiting for the PPMs to catch a wind before price goes back up.