Observation
1) Trendline - Downtrend - Bearish
2) Formed lower low- Bearish
3) MACD - breach below 0 and bearish
4) RSI - Broke below 30% ( Bearish)
5) Sto - bearish crossover and broke below 20% ( Bearish)
6) ADX - high momentum and bearish ( Free Fall ??)
7) Candle Stick - Black Candle ( Bearish)
Conclusion
Lets wait for all the sign to be bullish that is when this index will rebound up for another positive round
Entry Price 12100
Resistance at 12085 ( New Resistance)
New Support at 11857 ( Already broken the previous support 12085 which i mention last June 6)
No comments:
Post a Comment