1. Core Technical Indicators Most oscillators and momentum indicators suggest continued weakness: Relative Strength Index (RSI): Currently at 27.2, placing it in the oversold zone. While this often precedes a technical bounce, the current momentum remains strongly negative. MACD: Standing at -18.1, it is currently below its signal and center lines, reinforcing a strong bearish signal. ADX: At 34.2, indicating a strong trend is in place—in this case, a powerful downward move.