Bearish divergence is notable!
Correcting from overbought territory.
High confluence of overbought price levels also supports a temporary pullback.
Correcting from the upper range of the linear regression channel - supporting a mean reversion trade.
thats the issue with reversion to the mean. how many different means can we find based on what we want to do in the symbol or what duration at what point does the daily mean for 30 days mean anything if 6 month mean is way above and the reversion short term is way below ? this is what has always fascinated me with mean rversion styles because there are so many different ways to make the data fit