The sell entry at 2,646 is just below the key 78.6% Fibonacci retracement level (2,650), a strong resistance zone. This aligns well with the rejection of bullish momentum near the higher Fib levels.
Technical Patterns:
A Bearish Pennant pattern is visible, signaling a continuation of the downtrend. Price action is forming lower highs, adding strength to the bearish bias. Indicators:
Momentum: Indicators show weakening bullish momentum, aligning with the rejection near 2,650. EMAs: Short-term EMAs are flattening, indicating a potential bearish crossover.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.