A price action below 490 supports a bearish trend direction.
Crossing below 480 will act as additional confirmation for downside potential.
The target price is set at 450 (the 200-day simple moving average).
The stop-loss is set at 520.
Downside price momentum supports the bearish trend direction (see the lower panel).
Crossing below 480 will act as additional confirmation for downside potential.
The target price is set at 450 (the 200-day simple moving average).
The stop-loss is set at 520.
Downside price momentum supports the bearish trend direction (see the lower panel).