π Bear flag β a bearish continuation pattern. A downside break β i.e. a close below $14,460 (flag support) β would indicate the corrective rally from the low of $10,400 (Dec. 22 low) has ended and the sell-off from the record high of $19,891 has resumed.
π The relative strength index (RSI) is back below 50.00 (bearish territory).
thanksπ
π Since Dec. 21, trading volumes have remained well below the 30-day moving average. A sharp rise in volume on negative price action today (today) would boost odds of a bearish breakdown in prices.
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