Price holds above the 20-day moving average at 25,865, preserving the near-term bullish structure. RSI at 45 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.

Bearish short-term cross (21-EMA crossed below 50-SMA) — Trend accelerating downward

RSI at 45.1 is well within the neutral zone, showing balanced momentum without extreme conditions.

MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Volume trend is balanced, showing no decisive edge for either buyers or sellers.

V-Shape Recovery / Double Bottom Formation

The 20-day SMA (42,404) remains unbroken on the downside — bulls retain structural control of the near-term tape. With RSI at 73, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. The moving-average convergence divergence oscillator supports the bull case — histogram expanding above the zero line. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.

No significant recent moving average crosses.

RSI is extremely high at 72.9 (Overbought), indicating price is extended and a pullback is likely.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.

V-Shape Recovery / Double Bottom Formation

The tape holds above the 20-day average (4,998), maintaining the positive short-term trend channel. Momentum is overheated at 69. While trend can override oscillators, the statistical edge for fresh longs is diminished. MACD histogram remains in positive territory, underpinning the current directional move. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.

No significant recent moving average crosses.

RSI at 68.6 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.

Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.

Higher Highs and Higher Lows (Uptrend Structure)