Bullish reversal pin bar at daily support level (grey) with stoch below 30 suggest rebound signal. However it does not signal reversal of trend. Even if the market is to go down further, the recent steep sell down also indicate probability to rebound to the up trend line (black) before it will down further.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.