Bears trying to close the gap
Yesterday’s Dark Cloud Cover has scared the bulls away as the price continue to move downward. The 23.6% Fibonacci Retracement level that acted as a support yesterday turned out to be weak as the price easily broke it during the opening. A threat to drop further can also be seen while Kijun Sen line is moving horizontally at 50% Fibonacci Retracement level. Not to mention the gap that is waiting to be filled.
RSI or Relative Strength Index is at 73 and is still pointing down.
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