Lower tops, the price is below SMA 50. Demarker turned down again, if break level 40, the negative tendency will strengthen. Also as a confirmation we can use break of the previous bottom at price 20412. The price tested FiBo 23.6 and bounced back again toward SMA 50. For the trend to exit from this negative tendency, there must be a higher than the previous top at price 20887.
Source: Bloomberg
Trader Bozhidar Arabadzhiev
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