Long Term: CLF higher time frames are in confirmed negative and it has touched 1 month support. It is likely to bounce from 1 month support as it is a strong level. From 10 mins onwards all the time frames are con. neg. so in order to bounce it needs to break the lower time frame resistance and neutralise the higher time frames then take some support and then bounce. It has also not formed a W pattern for moving up.
(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 15 or 30 mins target atleast by breaking 10 mins ofcourse. If it breaks 15 mins it is then expected to come down and take support from 5 mins atleast and then bounce towards the 1 hours target again. If the 10 mins gave resistance then it is expected to again move down in the con neg pattern. RB trend is neutral in lower time frames and Negative in medium and higher time frames. Legend line is now supporting upward movement.
Negative indicator: NA
Confirmed : 10 min onwards all are con. neg.
Largest tf Positive Indicator : 4 hours
Largest tf negative Indicator : 9 hours (Target reached)