The hourly chart is still oversold, and a bounce is soon expected. How far and aggressive is not known yet, but in saying that, the charts are still oversold, and does have some upside room left as you can see below.
Realistically when we go back, the market has not really done much this week. That is why I have not been tied to this seat too long. There is a reason for that, but I will not go into great detail here in the free room.
Cheers.
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