https://www.tradingview.com/x/8A4nNTCm/
After 4 daily closes outside of the BB band and an oversold RSI we are bouncing. The first target for the bounce is the broken support at $6,600. The max bounce target is the $7,000-$7,150 area. The most likely target is around $6,800. We also had a TD 9 reversal on 4 hour chart. I am expecting this bounce to last anywhere from one to three days.
Weekly: Down
Daily: Down
4 hour: Neutral
1 hour: Up
Prediction for the day
Consolidation in the $6,400s and a possible continuation of the bounce towards the $6,600
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