The divergence in RSI suggests that the impulse wave 3 (red) is at its final stages. The correction towards 0.8806 is therefore expected before downtrend resumes. It is convenient for the bears to enter near that 0.8806 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.