Bearish Continuation Despite Oversold Reading: The weekly chart looks very bearish. especially after the break below 0.78. now, after a week of stalling and a rebound to 0.76, last week, price came down sharply again. Here, you also see a bearish engulfing candle. It is also what’s called an outside bar. Even though the RSI is in very oversold territory, the candlestick action suggests there could be further downside before the market is overstretched to the downside. (Imagine the market oscillating above and below “fair” value as momentum overshoots them in one direction or the other. Here, the “fair” value is ... (full story)