as we have a double top formation and rising flag on this chart, we can conclude that we are in a bearish trend, our major trend is bearish.
our intermediate trend is not clear yet. we may go either way from support line, but i really do like to see a bounce back at our previous resistence at 47000 area as the top.
bearish sentiment could still be valid due to the bearish patterns annd indicators in monthly, weekly time frame.
our intermediate trend is not clear yet. we may go either way from support line, but i really do like to see a bounce back at our previous resistence at 47000 area as the top.
bearish sentiment could still be valid due to the bearish patterns annd indicators in monthly, weekly time frame.