As you can see in the chart, my analysis is based on 3 indicators.
1) we are moving downwards towards the support of the very clear uptrend parallel channel.
2) a cross over between MACD and Signal, where MACD become under Signal, this is a bearish signal.
3) we have 3 lower highs histogram.
To put all in one picture, I will wait until we reach the support of the channel. Since we have lower highs histogram, it is possible to break downwards. I will wait at the support line until it becomes clear whether it will move back towards the resistance level of the channel or break downwards.
P.S this is not professional financial consulting.
1) we are moving downwards towards the support of the very clear uptrend parallel channel.
2) a cross over between MACD and Signal, where MACD become under Signal, this is a bearish signal.
3) we have 3 lower highs histogram.
To put all in one picture, I will wait until we reach the support of the channel. Since we have lower highs histogram, it is possible to break downwards. I will wait at the support line until it becomes clear whether it will move back towards the resistance level of the channel or break downwards.
P.S this is not professional financial consulting.
