Malton trying to test to break above the downtrend and will this counter succeed to break?
Observation
1) Trendline - Downtrend (Bearish)
2) Formed lower low - (Bearish)
3) MACD - 4R1G ( Bullish Reversal)
4) RSI -Rebound from 50% (Bullish) -
5) Sto - Going to form Bullish crossover and heading towards 50% ( Bullish)
6) ADX - low momentum and bullish ( Bullish)
7) Candle Stick - White candle after idoji - ( Bullish) .
2 Points
5 Points
Conclusion
Winner BULL!!
Testing the Downtrend line..
Entry Price 0.595
Resistance at 0.64 , 0.665
Support at 0.58 ( Stop loss at 0.56)
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