A price action below 4190 supports a bearish trend direction.
Increase short exposure for a break below 4120.
The target price is set at 3970.
The stop-loss price is set at 4310. Negate also the bearish stance for a break above this level.
Corrected from overbought territory recently.
If the angle of the trend is too steep, it means that the price is increasing or decreasing at a rate that is unsustainable in the long term. This is because, eventually, buyers or sellers will exhaust themselves and the price will begin to correct.
The trend is at an angle of 71 degrees. A healthy trend is at an angle of 45 degrees.
Increase short exposure for a break below 4120.
The target price is set at 3970.
The stop-loss price is set at 4310. Negate also the bearish stance for a break above this level.
Corrected from overbought territory recently.
If the angle of the trend is too steep, it means that the price is increasing or decreasing at a rate that is unsustainable in the long term. This is because, eventually, buyers or sellers will exhaust themselves and the price will begin to correct.
The trend is at an angle of 71 degrees. A healthy trend is at an angle of 45 degrees.