Up-Trend. The price below the lower band. Potential bullish engulfing pattern
Note
Oversold conditions and a small retest of the low.Note
I want to poitn out something here.. Trend following systems have a serious weakness against these types of moves.. See the trend is still up but price action is so fast that our regression line gives false signals. It hits stops and in an other situation i could hit also trial stops. Funny think is when price goes again in the direction of the trend.. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.