Shorting CPI always remains very risky.
The price action is at the upper range of the linear regression channel pattern.
This increases the likelihood of a mean reversion trade.
The angle of the trend is also too steep at a 57-degree angle.
A 45-degree angle is regarded as healthy and hence a correction might occur.
The price action is also overbought.
Downside price momentum supports the bearish trend direction.
The price action is at the upper range of the linear regression channel pattern.
This increases the likelihood of a mean reversion trade.
The angle of the trend is also too steep at a 57-degree angle.
A 45-degree angle is regarded as healthy and hence a correction might occur.
The price action is also overbought.
Downside price momentum supports the bearish trend direction.