USING MONTHLY RENKO, IT SHOWS A LOT OF SIGNS OF AN UPTREND
1ST IT IT PART OF A LARGE DOWNWARD TREND BUT HAS NOT REACHED THE RESISTANCE
2ND = IT BROKE PART OF AN DOWNWARD TREND RETESTED AND STARTED GOING UP
3RD THIS MONTHLY CANDLESTICK IS A GREEND CANDLESTICK
4TH = IT BROKE THROUGH THE 200 M,A AND GOING TO BREAKE THROUGH THE 100, THE 100 M.A IS FAR ABOVE THE 200 M.A WHICH SIGNIFIES AN UPTREND
1ST IT IT PART OF A LARGE DOWNWARD TREND BUT HAS NOT REACHED THE RESISTANCE
2ND = IT BROKE PART OF AN DOWNWARD TREND RETESTED AND STARTED GOING UP
3RD THIS MONTHLY CANDLESTICK IS A GREEND CANDLESTICK
4TH = IT BROKE THROUGH THE 200 M,A AND GOING TO BREAKE THROUGH THE 100, THE 100 M.A IS FAR ABOVE THE 200 M.A WHICH SIGNIFIES AN UPTREND