Today is key, the technical analysis indicates a possible trend break. Currently, the market was in a downturn with slow recoveries; now the signal indicates the end of the bearish cycle.

I just marked a box; those last two candles are decisive for the new trend. If the green candle holds until the end of the day, we will see a rise in the market and could return to a bullish cycle. Conversely, if the candle does not manage to hold as it is on the chart by the end of the day, a deeper decline may approach. According to the charts, the probability of a decline is very high; if you notice, the MA(7), MA(25), and MA(99) lines point to a deeper drop. The volume also remained in green lines, which indicates a drop. However, there is one very important indicator: the RSI, which is at 41. This value would suggest that it may be loading for a rise, as there is no overselling in the market. We will see who comes out on top by the end of the day; the indicators are clear: 2 to 1, 2 point to the drop and 1 points to the rise. What do you think? Follow me for more content and to learn more about trading.

The end of the lateralized cycle is near.