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Market Analysis: Bearish Trend Ahead?
Technical Indicators:
1. Descending Triangle Formation (Bearish)
2. Price Below Moving Averages (MA7 and MA25)
3. MACD Indicator (Bearish)
4. Reduced Trading Volume
Conclusion:
Current trend looks bearish
Breakdown from triangle pattern could trigger further declines
Lack of buying pressure and volume
Potential Reversal:
Hold above support levels
Increased volume
Caution:
Bearish indicators dominate
Further declines possible
Stay informed!