Possibly, has the volume pattern could see a test of the bottom of the channel if so.
we just keep bouncing off the bottom of the channel with no upward price movement, kinda tells me we might not be "bouncing"... i expect a break of the channel to lower price lvls. every bounce off the bottom of the channel so far up until yesterday has resulted in price moving to the top of the channel. not this time...
Did bounce off the bottom of the channel again but it seems like the bulls are uncharge for now..
Pretty self explanatory and its right at support..
have your stops in place today lol everyone getting recked by the look of the volume