The weekly chart has printed a candle signal but on the prices look overstretched. on the D1 chart the indicator is making lower lows while price is making higher lows (Divergence). Currently is right in the middle of value which indicates if come out of line we could see a move into a new distribution.
The weekly downtrendline has been broken but since price has moved back in but on lower . On the lower timeframes we are in a uptrend, but the recent retracement looks strong but overdone.
R2 Weekly downtrend line
R1 Daily downtrend line
Rajan Dhall MSTA