1 ) Trendline - Broke below the uptrend line .. ( Bearish )
2) Support/Resistance - Broke below the previous low ( Bearish )
2) Support/Resistance - Broke below the previous low ( Bearish )
3) MACD -Bearish Crossover with MACD 4G6R ( Bearish ) . Awaiting for 4R1G signal
4) RSI - Broken below 50% (Bearish) ,
4) RSI - Broken below 50% (Bearish) ,
5) STO - Broke below 20% and bearish crossover (Bearish)
6) Ichimoku - a) Price coming meeting from the support cloud
6) Ichimoku - a) Price coming meeting from the support cloud
b) Conversion line below the base line (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Formed matching low . Click here (bullish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Formed matching low . Click here (bullish).
Conclusion:
Bearish.. Following the bollinger band bottom and formed matching low.. Slight chances of rebound . Chances of retracing toward to 1621 is there..
Resistance- 1649 / 1668 /1681 /1725
Support - 1621 / 1600 / 1594 / 1581
Posts
Yesterday Dow jones went down more than 200 point worried about the 600 billion fiscal . I believe global sentiment will be negative which will make klse bear until next support at 1621 which you have mention.
ReplyDeleteLook like another small recession repeated during year 2002 ~2003