In the descending channel the price is in it looks as if the price has respected the .236 fib level quite well.
The stochastic RSI and the RVI have both reached good levels of support and a bull cross in the short term could mean some upwards price action within the channels plotted boundaries.
Although, I do not think the stochastic RSI will break previous levels acting as resistance due to the bearish conditions seen on the ADX.
The stochastic RSI and the RVI have both reached good levels of support and a bull cross in the short term could mean some upwards price action within the channels plotted boundaries.
Although, I do not think the stochastic RSI will break previous levels acting as resistance due to the bearish conditions seen on the ADX.
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