Good first step for a move lower highlighted by the RSI divergence published yesterday. Need to see 6300 lateral support and 20SMA decisively break before we can expect to see a meaningful change in trend and momentum lower.
Note
Hourly close below 20SMA = tick. Now for a close below the lateral support around 6300. I am keeping an eye that this doesn't morph into a bull flag
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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.