Purpose: Interpret the Red Line as a Bearish Momentum Indicator

The red line in PIQL Pro signals when bearish momentum is strong, suggesting that sellers are gaining control and pushing prices lower. Watching where this line appears in relation to the green and red areas can help traders anticipate market shifts.

Interpreting the Red Line

Red Line in the Red Area: When the red line is in the red (overbought) area, it’s a strong signal that selling pressure is high and a pullback or reversal is likely. This is often a prompt to consider preparing for downward movement or exiting long positions.

Red Line in the Green Area: If the red line appears in the green (oversold) area, it suggests that sellers are still in control, and the market may remain in a downtrend for a bit longer before any recovery. This signal often indicates caution for buyers, as the market could stay oversold.

Red Line = Bearish Momentum: This signals when sellers have control.

Understanding the Red Line- Bearish Momentum

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