The linear regression channel pattern is sloping downwards, supporting a bearish trend.
Furthermore, remains below its 200-day simple moving average - confirming a bearish play.
Below 33.20 supports a bearish trend direction.
RSI leaves enough room for further downside price potential.
Wait for the trend to develop further before increasing exposure.
Furthermore, remains below its 200-day simple moving average - confirming a bearish play.
Below 33.20 supports a bearish trend direction.
RSI leaves enough room for further downside price potential.
Wait for the trend to develop further before increasing exposure.