Long Term: CLF 4 hours is in confirmed negative but it has neutralized 2 and 3 hour con. neg. It bounced from a little above 1 month support. Now 1,2,3,5 mins have become con. positive an the trend is changing. So it is expected that it will come down from 4 hours resistance(as it is touching for the first time with con. neg.) to atleast 30 mins support and then bounce. I needs to form a W pattern in order to bounce back.
(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 CLF is expected to move upto 4 hours target atleast by taking support from 5 mins atleast. There can also be a pierce pattern in 3 hours as 3 hours is touching for the second time. RB trend is positive. Core strength is 4 hours for negative trend and 2 mins for pos . trend. Legend line is now supporting upward movement. Most likely it is going to break 4 hours.
Negative indicator: 10 mins
Confirmed : 1,2,3,5 mins are con. pos .
Largest TF Positive Indicator : 4 hours
Largest TF negative Indicator : 10 mins