Double Bottom - Watching for Bounce

4 Nis 2019

Double bottom at 0.56. all other indicators look abysmal. Watch to make sure 0.56 holds and wait for bounce - I don't think the bounce will be immediate, but if 0.56 holds, that's a really good indicator that it's impending. just needs a week or two to flatten out and reverse price momentum. Two signals I will watch are RSX crossing 30 and DPMO crossover - one or both of those would be good confirmation of reversal.