The potential for a repetitive price action remains of interest (see the two black arrowed trendlines).
A price action below 2960 supports a bearish trend direction. Crossing above this level will negate the bearish stance.
MACD crossover (in overbought territory) confirmed a change in trend direction.
Downside price momentum supports the bearish trend.
RSI is leaving room for further downside price potential.
A price action below 2960 supports a bearish trend direction. Crossing above this level will negate the bearish stance.
MACD crossover (in overbought territory) confirmed a change in trend direction.
Downside price momentum supports the bearish trend.
RSI is leaving room for further downside price potential.
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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.
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.