Kandi Technologies $KNDI had a false bullish breakout recently, which has been followed by a sharp bearish swing. This week, we saw a bearish breakout suggesting extension of the current bearish correction.KNDI Daily Chart(click to enlarge)False Break:- The breakout above a small range's resistance at $7.60 was potentially part of a bullish continuation swing. - However, the subsequent sell-off invalidated that scenario and revived the bearish correction scenario.- An ABC correction would project to just above $5.00.- However, we should also monitor the $5.60-$6.00, along with the 30 area for the RSI.- If we see a bullish divergence between price and the RSI as price traders around let's say $5.80, we should anticipate a bullish attempt.