Lets bounce

٧ أغسطس ٢٠١٨

I think we bounce here, many momentum indicators are extremely oversold on the daily, stoch RSI and stoch are crossing over. Daily RSI & MFI have cooled off. We've retraced to the .618 fib, touched an important previous resistance. If we do bounce, we'll see the daily guppy go green which could also signal the start of the next bullrun. If we don't bounce here, I expect new lows.