-Completed full Elliott wave impulse and correction following strong fundamental -Followed by a bearish Head and Shoulders pattern resulting in negative price action -Fundamental (strong news - but interpreted poorly by market participants) resulting in panic sell over past 2 days. Price action preceded fundamental -RSI oversold on hourly - reversal imminent...
With Trendlines added from lows and highs
RSI trendline is interesting, underbought at 33 Rejected by 50 MA and looking for support at 7.25 first then 6.75
Support and resistance levels Retracement from High
Fibo retracement accurate Bouncing off lower trendline Breaking upper trendline BB squeeze MACD hovering @ zero and tight Elliott Waves for fun