Security is making Higher lows and Lower Highs forming a symmetric triangle, A symmetric triangle breakout at the lower level has been more favorable than the upside.

Currently, the Security is trading below Fast and Slow EMA indicating a negative trend whereas the Fast and Slow EMA are trending downward, indicating a downtrend.

On the momentum front, RSI is forming LL and HL, supporting the price action.

On the directional front DI- is trading above DI+ indicating a negative trend whereas ADX trading above DI+ indicates strength in the move

Symmetric Pattern breakdown

Nov 15 2023