Directional Movement Index (DMI) Blue line (bullish strength) is below 10 which has always led to upwards reversal. (Because DMI lines have a tendency to go back to 25). Blue line is currently at 7.66 (lower than previous 6k and 6.4k bounces) but still a bit to go to ATL of 3.70 which happened during height of bear market in 2014-2015.
EWO has yet to show a...