First we saw 5 min oversold RSI bounces, then 15 min, and now most recently it was hourly.
This has lead to further lower lows on consolidation, but the first hourly oversold RSI since the breakout saw lots of bulls step in to be buyers.
I expect to top out on this bounce shortly this morning and then consolidate for hourly higher lows.
Bulls are still setting potential bull flags on the daily charts and looking for continuation today or tomorrow.
Bulls looking for a position will be adding an hourly higher low and placing stops below the low of this pullback.
This has lead to further lower lows on consolidation, but the first hourly oversold RSI since the breakout saw lots of bulls step in to be buyers.
I expect to top out on this bounce shortly this morning and then consolidate for hourly higher lows.
Bulls are still setting potential bull flags on the daily charts and looking for continuation today or tomorrow.
Bulls looking for a position will be adding an hourly higher low and placing stops below the low of this pullback.
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