- Corrective price action suggests the downtrend is not over yet.
- Lack of RSI divergence supports this idea.
- I expect a lower low below the purple line.
- A recovery above the purple line and descending trendline will be indicative of a reversal.
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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.