Mr.Arshman
08/17 16:49
Technical Indicators Indicate Bearish Pressure but
Technical Indicators Indicate Bearish Pressure but Potential for Reversal
The technical picture via MACD and Chaikin Money Flow (CMF) indicates a cautious near-term outlook. The MACD line remains below the signal line, accompanied by red histogram bars signaling prevailing bearish momentum. This aligns with recent selling pressure dominating price movements, underscoring continued weakness
The CMF reading sits at -0.10, reinforcing concerns as it points to capital outflows and weak accumulation, suggesting limited support at current price levels. This combination contributes to a bearish bias, leaving room for further downside unless indicators turn positiveTraders should monitor these momentum tools for potential shifts. A bullish MACD crossover or a rising CMF could signal improving market sentiment and provide early confirmation of a price reversal, possibly triggering the breakout that many anticipate.
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