The monthly chart shows negative divergence between Price and RSI
Since Jan 2018 the market has tried 3 times to break to new highs -
so this can be a consolidation (as in minor bear move, followed by new highs) or a topping formation (as in major bear market)
Who knows which it will be?
keep eye on levels 27650 and 24500 - short term.
breaking 24500 targets the December 2018 lows
breaking the highs could see a fast move higher
as always there are various scenarios - depends on your time frames, and style of trading
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