Bullish signs
1. Correcting from that very strong support area
2. "TS" is rising nicely with momentumand has already crossed the KS.
So the guys on the lower timeframes are feeling very happy about this move up ad are still very bullish
Bearish signs
1. the trend is still bearish. To become bullish we have to break the critical level
2. now at strong resistance in the form of the YPP and the future kumo's SSB and the downward momentum is still strong as we have not yet reached the kumo
3. KS and SSB are both still bearish.
4. We have not broken the KS reversal level where many bear stops are placed
So the guys on this and the higher levels are just seeing this up move as a correction
1. Correcting from that very strong support area
2. "TS" is rising nicely with momentumand has already crossed the KS.
So the guys on the lower timeframes are feeling very happy about this move up ad are still very bullish
Bearish signs
1. the trend is still bearish. To become bullish we have to break the critical level
2. now at strong resistance in the form of the YPP and the future kumo's SSB and the downward momentum is still strong as we have not yet reached the kumo
3. KS and SSB are both still bearish.
4. We have not broken the KS reversal level where many bear stops are placed
So the guys on this and the higher levels are just seeing this up move as a correction
