Agree, momentum appears to be slowing down on the downside, as you point out on the MACD...so we are basing now. The question is will we break to the upside or continue down. We haven't gotten the confirmation that price once to go higher as of yet, we probably need a catalyst or buyers to step in and buy price.
Double bottom. Oh yeah. Everyone jump in. The water is warm lol Seriously at this point there is more potential to buy rather than short.
There were big money sellers so I think the down trend hasn't ended.