There are multiple points showing bears strength mentioned on the chart.
Bears Points:
1. LHLL
2. Bearish Engulfer, 3 black crows
3. Rejection from resistance zone
4. Rejection from trendline Resistance
5. Bearish ABCD Pattern CD leg
6. Almost 3 week of uptrend cycle completed
7. Upward trendline resistance broken
8. RSI divergence
Bulls Points:
1. Support at 0.236 Fib
Bears Points:
1. LHLL
2. Bearish Engulfer, 3 black crows
3. Rejection from resistance zone
4. Rejection from trendline Resistance
5. Bearish ABCD Pattern CD leg
6. Almost 3 week of uptrend cycle completed
7. Upward trendline resistance broken
8. RSI divergence
Bulls Points:
1. Support at 0.236 Fib
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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.
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.