The trend is bearish confirmation! This weekly candle is a bearish pattern. MACD histogram forms the 33rd bar above zero. This week the market close at 3279.

The MA9 crossed down MA16 on 18th January 2021. Hence, TKM v1.2 had placed 2 Short entries on 19th January 2021 Open price, 3314. The Stop loss was 3350 while the first Profit target is 3250. However, the Market had moved lower to 3160 in a day after our entry. But it rebounded strongly after, we have not liquidated our entry. By early next week, we will have to set our trailing stop to 3310 in order to protect our modal as part of risk management.

Order status: Short FCPO Apr2021 at 3314, Trailing Stop 3310, Profit Target 3250.