SDS today touch 20 MA ,It is still in down trend. But it may form a double bottom here. Summer rally may end here.
That is why the second bottom has a question mark.
Analysis is guess. It may be wrong. MACD is under zero line. So the trend is not turned yet ,although t has divergency.
Bottom fishing using last bar low as stop,may be a way to try. I do not trade this one. No posotion.
If this gap is a break away gap,the trend may last a while.
This is not a recommendation for buying and selling.
Just try to show another way to analysis.