an other confirming perspective to watch are the cycles, when Moving averages crossed eachother. I made all the bearish arrows visible on the chart. This wekk we had 2 crossings, which is a sign of strong bear pull to the downside. I stay with the previouse forcasts and get more and more confirmed. Share your opinion, otherwise please leave a like if you liked the content.
Note
correction: actually not starting of a bear cycle but gaining strong momentum
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.