RSI has warned very early. The RsiSE signal at the peak indicates that the previous increase was explosive at the end of the wave. After a sharp decline, the current bounce has not managed to pull the RSI back into the strong zone, proving that large capital has not returned to the market. The current green candles are small and uneven, while red candles appear with a higher determination.
This is not the behavior of a reversal trend preparation; rather, the market is resting before continuing in the old direction. Shorting during the bounce in this area is a familiar strategy for trend followers.
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