Bottom

Von elk16
I think we are in the bottoming process now. looking for RSI to bounce in the red circle. RSI has consistantly found support on the yellow trend lines the last 4 bounces, also creating higher lows and a positive divergence. looking for price to drop a little more to the 430-435 area then consolidate and work its way back up. a close below 428 will invalidate this thesis. i will be BTMFD with a stop below that level.
Chart PatternsTechnical IndicatorsTrend Analysis

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