Recent price movements have been sideways. On the other hand, OBV is trending downwards. According to OBV standard interpretation, if price is moving sideways and OBV is making new lower highs, then price is in the distribution phase. There's a reasonable chance we'll get a downward break.
This is because the downward trend in the OBV suggests that the volume of trading is decreasing. This indicates that the current price is likely to break downwards as traders become less interested in buying into the market.
This is because the downward trend in the OBV suggests that the volume of trading is decreasing. This indicates that the current price is likely to break downwards as traders become less interested in buying into the market.