RSI Divergence is observed and RSI Value is below 50 and may decrease to even lower
Colored Directional Movement Indicator
-shows that trend already reversed few bars before
-but the strength of the trend slows down and does not really give any idea of the direction of the trend for the moment (even if negative direction index > positive direction index for time being)
Price Action is in between Bollinger Band Clouds, price may touch upper bb cloud and is most likely will aim to touch BB Cloud. Trends weeks is a sign for such a movement
Momentum is in a Squeeze phase
This not necessarily mean an overall trend reversal but could be observed as trend correction is not finalized yet
Please do your own research, analysis given herein does not constitute a financial advise
Colored Directional Movement Indicator
-shows that trend already reversed few bars before
-but the strength of the trend slows down and does not really give any idea of the direction of the trend for the moment (even if negative direction index > positive direction index for time being)
Price Action is in between Bollinger Band Clouds, price may touch upper bb cloud and is most likely will aim to touch BB Cloud. Trends weeks is a sign for such a movement
Momentum is in a Squeeze phase
This not necessarily mean an overall trend reversal but could be observed as trend correction is not finalized yet
Please do your own research, analysis given herein does not constitute a financial advise