NO NO U winsome.....we have hit the bottom of the descending triangle coming from down below up. 4 times in 2 days now and failed to break through. This is very bearish imo and means we will most certainly go lower from here before any meaningful rally.
I'm sure any bulls sitting in cash atm would also love to see a day like Oct 10 or July 15....a big sell down way below the bollinger band. That would give us a bit more certainty about a clear entry point and a sharp rally
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NO NO U winsome.....we have hit the bottom of the descending...
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