RSI is playing out a perfect falling wedge and the 5th wave should drop to the same, oversold, level as our last drop did. I expect a nice turn around there!
Note
Looks it tested that trendline and starting to head lower....Note
Adding a couple days to hit 5k. Thinking the 11th now. Wave patter was a tiny bit off Note
In the graph from my previous update. Instead of going above the RSI and then breaking down like the previous drop we have gone above then bounced off the top. I still anticipate a drop out of the current bearish descending triangle. 
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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.