Pattern: 1H Channel Up.
Signal: Bearish as the price failed to break the medium term Higher High trend line (bold black) was rejected sideways and formed a Death Cross (MA50 crossing below the MA200) while the 1H RSI is trading on a bearish divergence.
Target: 28,030 (1H Support) and 27,800 (4H Support).
Signal: Bearish as the price failed to break the medium term Higher High trend line (bold black) was rejected sideways and formed a Death Cross (MA50 crossing below the MA200) while the 1H RSI is trading on a bearish divergence.
Target: 28,030 (1H Support) and 27,800 (4H Support).
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