with the rsi stochastic we can see a clear sign of over sold situation. the moving averages were bellow the 30 line which means the price is over sold in that point. we have to be careful because this indicator functions better in lateral markets were the price is consolidated, it does not work as well in markets with a specific trend.
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.