Daily chart has a possible reversal pattern.. 1hr chart confirming possible reversal. Falling wedge pattern with 2-3 touches, DMI reading 19 going to 20, indicating switch from non-trending to trending. RSI breaching 50 line indicating uptrend with support from highs/lows not breaking. Stochastic slow about to break resistance indicating a switch from nontrending...
Price action stands at a pivotal support area. RSI reading oversold levels with DMI reading thats it's left previous trend. Rerversal falling wedge pattern on daily. Three touches to support and resistance. Looks like a pennant or symmetrical triangle in recent weeks, could fall back to support before breakout on wedge.
