The trend still remains Long, but the price generates some worrying signals that are worth looking at. The price is located at a key level formed by an internal diagonal, 200SMA, and a horizontal support level. Sequential counts a pair from below - a signal for a new bearish wave. DeMarker points down from the overpurchase area - also negative for the price. There is also a Double Top that will be activated by breaking the current level of support.
What's next here? If the price stays below 200 period and inner diagonal, the probability of a basic diagonal test will increase dramatically.
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