Today it test the support at 1600 and rebound back to 1607.
Indicators
1 ) Trendline - Broke above the downtrend.. ( Bullish)
2) Support/Resistance - Formed lower high and low ( Bearish )
3) MACD -Negative portion ( Bearish )
4) RSI - Still below 30% (Bearish) ,
5) STO - bullish crossover and broke above 20% (Bullish) I
6) Ichimoku - a) Price coming entering from the support cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price close below the baseline ( Bearish) .
7) Candlestick pattern - Evening Star (Bearish).
Conclusion:
Bearish
Tested the support at 1600 and formed a hammer. Let check out tomorrow whether
there is a bullish continuation ( White Candle)
or Bearish Continuation ( Black Candle and break below 1600)
Resistance- 1621 / 1649 / 1668 /1681 /1725
Support - 1600 / 1594 / 1581