I'm not going to trade this idea as it doesn't quite fit into my strategy. However, with less and less volatility to the downside and momentum moving up today, despite price coming down. All the signs favour the next move to be higher rather than lower.
Comment:
Big move down today and that is why it is good to KEEP to your trading strategy. With momentum negative and well below the momentum 14 period moving average, there was only ever going to be a remote chance of a bounce.