Short
I'm still expecting a move to test prior low and form a double bottom, however the 1D chart showing a bullish divergence on the RSI, volume all start building up, but I still think the algorithms are still in control and will move further to downside to complete the bear cycle.
On the immediate short term the a dump my test or break the 3700 level. 2 prior traps have appear however i'm expecting 1 or 2 more traps to hunt stop loss.
Bollinger bands appears to be tightening up, I am expecting high volatility soon.
Disclaimer: This is just a personal blog, I a not a financial advisor, this is not a financial advice.
