Confluence of things in recent (August2018) rally of SET:BEAUTY.

Confluence of things occurred to hint us for the onset of recent (August 2018) rally of SET:BEAUTY. In its daily graph, BEAUTY was obviously in a downtrend with CC5 (the Close of current bar compared with the Close of 4 bar before the current bar) consecutively counted to 20. At this point the RSI(14) had been down below 30%. However, the Bollinger band (20,2) was expanding showing that the volatility was still high. The middle line of Bollinger band was color coded in which the green and red zones suggested increasing and decreasing values of MACD (12, 26,9) respectively. While the price was consolidated by moving sideways, the Bollinger band contracted the MACD > Signal labelled. The Bollinger band were squeezed densly while the CC5 counted for consecutive 9 bars and the Low RSI was labeled again. Drawing an extended ray that linked the most recent Local Maximum points gave a supply line. Once this supply line was broken, the price started its reversal to a new uptrend. The price broke above the middle Bollinger band and above the magenta resistance line which was the highest high level during 9 bars of the most recent CC5 counting.