Sign of Bearish trend continuation -Candlesticks are moving below MA200 -Magnitude of Downtrend Line B is similar to downtrend Line A -Downtrend Line B: 1.414 fib extension of Downtrend Line A -Strength of Retracement line R2 seems weaker than of Retracement line R1, where is the momentum? -Candlesticks having issue getting above MA 200 and 0.5 fib retracement of Line B .
Not much support between 130X and 155X to support any downtrend[Boxed] - Trading volume dated back to the last 600 bars
A closer look at retracement R2 Seems like retracement R2 is losing strength. Breaching 137X will result in "New Lower Low".