Below 980 supports a bearish trend direction.
Bearish MACD crossover (lower panel) confirms a change in trend direction to bearish.
Downside price momentum supports the bearish trend.
Price action is also overbought, which increases the likelihood of a correction that might be temporary in nature.
Bearish MACD crossover (lower panel) confirms a change in trend direction to bearish.
Downside price momentum supports the bearish trend.
Price action is also overbought, which increases the likelihood of a correction that might be temporary in nature.