00:30 EST , 13/11/2018
Long Term: CLZ higher time frames are in confirmed negative and it has broken 3 day support and is expected to go to 9 day(57.50) as per the conventional rule. It is likely to bounce from 9 day support but it needs to form a perfect reversal with W pattern.
(It has not touched 4 hours even once. in order to move up it should break this 4 hour resistance and form the base.)
Short term : On a short term CLZ is expected to move down as all the time frames are having resistance rather than support also 7,15 mins are in con. neg. and 5 mins is going to be con. neg. It is expected to hit that 9 day resistance and and can even pierce and hit further lower levels.
Negative indicator: 9 day
Confirmed : All except 30 and 60 min
Largest tf Positive Indicator : 4 hours
Largest tf negative Indicator : 9 hours
Long Term: CLZ higher time frames are in confirmed negative and it has broken 3 day support and is expected to go to 9 day(57.50) as per the conventional rule. It is likely to bounce from 9 day support but it needs to form a perfect reversal with W pattern.
(It has not touched 4 hours even once. in order to move up it should break this 4 hour resistance and form the base.)
Short term : On a short term CLZ is expected to move down as all the time frames are having resistance rather than support also 7,15 mins are in con. neg. and 5 mins is going to be con. neg. It is expected to hit that 9 day resistance and and can even pierce and hit further lower levels.
Negative indicator: 9 day
Confirmed : All except 30 and 60 min
Largest tf Positive Indicator : 4 hours
Largest tf negative Indicator : 9 hours
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