#Parabolic SAR: dots are below the price, indicating a short-term bullish trend with possible trend exhaustion.
#Bollinger Bands
The price tested the upper Bollinger Band (~661.23) and is now pulling back. The middle band (~649.93) may act as support for a potential bounce.
#EMA 200 (654.72)
The price is hovering near EMA 200, a critical level. A break above 661-662 could indicate further bullish movement, while a rejection could lead to a drop.
Momentum Indicators
StochRSI (57.29): Not in overbought or oversold zones, meaning price could go either way wait for stronger signals.
RSI (6) - 51.27: Near neutral (50), no strong momentum in either direction.
MACD: DIF (0.71) > DEA (-0.12), indicating mild bullish momentum and histogram is weakening, suggesting the trend could slow down soon.
🚨Confirmation: Look for StochRSI > 80 and a bearish cross.
Final Thoughts:
The overall trend is bullish, but price is struggling near resistance. A break above 662 could trigger more buying, while rejection may lead to a pullback.
Best strategy: Wait for either a breakout or a pullback for a safer entry.