Medium-term, the instrument is in a downward trend 📉. The current market strength on a scale of zero to one hundred is 30.6. Selling 🔽 is recommended.
Locally, there is also a tendency towards decline, as the instrument is trading below the last upward channel, indicating a resumption of medium-term decline. Speculatively, in the current situation, selling 🔽 is also recommended.
A good point for opening a short position will be the lower boundary of the channel, which is currently at 26876.1. In case the price returns inside the channel and consolidates above this value, it is possible to make speculative purchases 🔼 with the goal around the upper boundary of the channel, currently at 28457.23. A change in the medium-term trend to an upward one can be discussed when the price is fixed above the level of 29131.57.