A price action close to the lower range of the linear regression channel pattern increases the likelihood of a mean reversion trade.
A price action below 7800 supports a bearish trend direction.
The move also originates from a previous extremely y strong bullish trend.
RSI leaves enough room for further downside price potential.
MACD bearish crossover (lower panel) also confirmed a change in trend direction.
A price action below 7800 supports a bearish trend direction.
The move also originates from a previous extremely y strong bullish trend.
RSI leaves enough room for further downside price potential.
MACD bearish crossover (lower panel) also confirmed a change in trend direction.