Here we have all indicators pointing towards a downtrend
Bollanger Bands,
Stochasic - over bought
RSI- over bought
PRZ - confirmed
Pull Back Confirmed
trend lines confirmed
two outcomes after the huge pull back it may bounce off the resistance and continue back in the downtrend or it may break the resistance come back in the circle if it does not turn back in the circle a new uptrend has begun
Bollanger Bands,
Stochasic - over bought
RSI- over bought
PRZ - confirmed
Pull Back Confirmed
trend lines confirmed
two outcomes after the huge pull back it may bounce off the resistance and continue back in the downtrend or it may break the resistance come back in the circle if it does not turn back in the circle a new uptrend has begun