6E is in downtrend, and the charts show a topping pattern within this downtrend as the indicators show negative divergence and the moving averages showing a fan pattern. 15 minute chart on the right shows steadily declining 200 sma in red line, where the price met with resistance at the 100 sma in light blue line, forms the topping pattern and moves down lower. This shows how moving averages are useful in showing the trend and providing resistance where trend traders can enter the trade in the direction of the trend. Notice on the 5 minute chart on the left that all trendlines are flatlining until it began to break lower, indicating more move is to come to the downside.
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