Time frame D1
Middle-term down trend, lower bottoms. The price pierced main diagonal support, which gives us signal that the short movement is continuing.
DeM(14) – Crossing level 0.3 – negative signal
CCI(50) – Crossing level -100 which means that negative sentiment is still on
Deadly crossing of SMA 50 and SMA 200 – the price is below the moving averages – negative signal
Alternative scenario: If the price pulls back above the diagonal support and make higher bottom and top , the negative scenario will be dismissed.
Trader Bozhidar Arabadzhiev