Price has reached resistance (red area) and RSI
is signalling weakness. RSI
is making lower highs while price is making higher highs = bearish
divergence. It could mean that price will turn downside. If it falls down and continue moving down, it would form a Bullish Cypher
pattern at point D. That would be the entry point for this Cypher
trade. Entry point also stands on a rising trendline
so it gives another reason to potentially take this trade. On the other hand if the price is to move through the trendline
and close below it that could mean that price won´t bounce upwards, but will instead move further down.