Bearish One Black Crow on DAVIN

Retrace happened today with Bearish One Black Crow. Notice how the newly found support is helping DAVIN not to close below it. What happened today is testing the newly found support that we mentioned yesterday. What we need to see now is the confirmation of this bearish candlestick signal. If support will continue to hold then it will bounce from here, otherwise it will totally close the gap and the next support will be tested which is aroung 38.2% Fibonacci Retracement level.

The downward movement of RSI or Relative Strength Index shows that the bears are in control while Ichimoku elements are still in bullish position.

Caveat!

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