Everybody is striving for an answer will our economy head for another recession (Double Dip)... My asnwer is do not panic and let monitor longer ..
Observation
1) Trendline - Still Uptrend ( Bullish) and formed a support hammer over the Uptrend Line.. Let monitor whether it will break lower or rebound..
2) HH - Formed higher high at 12389 and retrace ( Bullish)
3) MACD - Formed a bearish crossover ( Bearish) and let wait for a 4r1G for a bullish reversal
4) RSI - Broke below 70% and now at 50%.. If break below Bearish and rebound again bullish reversal
5) ADX - Momentum strong and bearish
6) Candle stick = Bullish Hammer
Conclusion
If rebound then continue to bull but if break below 11817 ( Bearish - Downtrend)
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