USING RENKO WITH ATR LEVELS COMBINED WITH RELATIVE STRENGTH INDEX, IT IS OVERSOLD BELOW 30.
IT IS LIKELY TO BREAK THE MAJOR TRENDLINE RESISTANCE AND START AN UPWARD TREND
BUT JUST INCASE THE GREEN LEVEL LINE ABOVE THE WAVE IS BUY STOP USING ATR LEVEL INCASE IT GOES UP
THEN THE SELL STOP IS THE RED LINE BELOW TO CONTINUE TREND.
IT IS LIKELY TO BREAK THE MAJOR TRENDLINE RESISTANCE AND START AN UPWARD TREND
BUT JUST INCASE THE GREEN LEVEL LINE ABOVE THE WAVE IS BUY STOP USING ATR LEVEL INCASE IT GOES UP
THEN THE SELL STOP IS THE RED LINE BELOW TO CONTINUE TREND.
Comment:
USING M.A IT DID NOT BREAK THE 50 M.A CHANNEL SO IT IS LIKELY GOING DOWN.