Rsi needs to bullishly diverge further, so the drop in price should be larger. There's really little room to judge this as a lower low that could hold. Around 40 is an area that might induce bullish activity. I wouldn't look for a long entry right now, but there will be one eventually. This is damage that will last up to the monthly.
Vwma has turned down, and qqe is still short.
Vwma has turned down, and qqe is still short.
Note
You don't need to be a stock market guru to see this is a falling knifeNote
This might be an area to topfish futuresNote
Here's the bullish alternative on the 1 min
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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.