[I am sharing this idea to have feed back, do not follow me blindly, I am no professional !]
The 16.44 resistance has broken. With low perceived risk on the market, the bearish trend should continue and 15.7 could be a first target (close to 5% profit).
I think the author fails to note that RSI or Williams can stay over sold a long time. It is the come back to not oversold that you need to look at(on the chart the -60/-80 range). Technical is bearish... not bullish at all.
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