Below 67600 supports a bearish trend direction.
Downside price momentum supports the bearish setup.
RSI is overbought - increasing the likelihood of a throwback.
Trend strength also indicates a strong trend that precedes a correction.
Correction might only be temporary.
Downside price momentum supports the bearish setup.
RSI is overbought - increasing the likelihood of a throwback.
Trend strength also indicates a strong trend that precedes a correction.
Correction might only be temporary.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.