Long Term: CLZ higher time frames are in confirmed negative and it has touched 9 day(57.50) as per the previous prediction. It is likely to bounce from 9 day support. Now it is bouncing from 45 mins and is expected to go to 2 hours resistance atleast. 2 hour is the core strength and most likely it is going to break it this time as it has already touched 5 times. If 2 hours is broken then it is likely to go to 3 or 4 hours target and then drop from there to form a W pattern in order to bounce again. The only danger is the con. neg in higher time frames. And the supporting point is 1 day is forming a reversal with confirmation 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 upto 30 mins target atleast. If it breaks 30 mins it is then expected to come down and take support from 5 mins atleast and then bounce towards the 2 hours target again..
Negative indicator: 5 mins
Confirmed : 3 hours and 4 hours are con neg.
Largest tf Positive Indicator : 4 hours
Largest tf negative Indicator : 9 hours (Target reached)
RB TREND IS NEUTRAL WITH SLIGHT NEGATIVE BIAS.