A MACD crossover confirmed a change in trend direction to bearish.
A price action below 7450 supports a bearish trend direction.
Downside price momentum supports the bearish trend direction.
Might first encounter a correction, and then further downside.
Also, note that the MACD crossover occurred in overbought territory - giving lead to a quality technical signal.
A price action below 7450 supports a bearish trend direction.
Downside price momentum supports the bearish trend direction.
Might first encounter a correction, and then further downside.
Also, note that the MACD crossover occurred in overbought territory - giving lead to a quality technical signal.