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.