After breaking supports the 5 min RSI is approaching single digits and the 15 min RSI oversold as well.
This is a short term bounce opportunity but as we keep setting lower highs and lower lows, we know we are still in consolidation mode controlled by the bears.
The video last night highlighted the ease the bears were erasing hard work by the bulls, and 1 bear hourly candlestick this morning erased over a dozen hours of progress from the bulls all yesterday.
This candlestick did not even have high bear volume taking out these supports.
Oversold bounce flips are the only bull trades to be had at this point. Patience otherwise.
This is a short term bounce opportunity but as we keep setting lower highs and lower lows, we know we are still in consolidation mode controlled by the bears.
The video last night highlighted the ease the bears were erasing hard work by the bulls, and 1 bear hourly candlestick this morning erased over a dozen hours of progress from the bulls all yesterday.
This candlestick did not even have high bear volume taking out these supports.
Oversold bounce flips are the only bull trades to be had at this point. Patience otherwise.
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