PI continues to flash warning signs as technical indicators lean heavily bearish. Most notably, the Aroon Down Line on the daily chart has surged to a reading of 100%.
For context, the Aroon indicator is designed to identify the strength and duration of a trend, and when the Down Line reaches the 100% mark, it typically signals that a recent low was recorded very recently — often within the past day or two.
This kind of reading reflects an aggressive downtrend, where bearish momentum dominates and sellers are in full control.
For context, the Aroon indicator is designed to identify the strength and duration of a trend, and when the Down Line reaches the 100% mark, it typically signals that a recent low was recorded very recently — often within the past day or two.
This kind of reading reflects an aggressive downtrend, where bearish momentum dominates and sellers are in full control.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.