Many factors pointing out for a great bounce here. How severe? Will see. All we can spot is a great RRR opportunity here. Don't be stressed for a days long sideways move here. Accumulation has to take place.
Daily triangle
Daily RSI <30
H4 falling wedge comming to an end
Each leg down is getting smaller
Volume is declining
Also we could've seen similiar pattern on S&P playing out recently
Look at these pics of market fear and buy percantage
https://ctrlv.cz/shots/2018/05/29/h2bl.png
https://ctrlv.cz/shots/2018/05/29/XV9u.png
Daily triangle
Daily RSI <30
H4 falling wedge comming to an end
Each leg down is getting smaller
Volume is declining
Also we could've seen similiar pattern on S&P playing out recently
Look at these pics of market fear and buy percantage
https://ctrlv.cz/shots/2018/05/29/h2bl.png
https://ctrlv.cz/shots/2018/05/29/XV9u.png