Looking at our trend timeframe we see price has remained in it’s aggressive downtrend, however price has now reached major support. Stochastic RSI showing momentum has bottomed out. Will look at smaller timeframe for entry.
Shifting over to ur pattern timeframe we see price is looking to form a double bottom at this level, and also break our downtrend. Stochastic RSI showing momentum is starting to head towards the upside. Risk to Reward ratio looks very appealing.
