The weekly candle is a bullish candle. The MACD histogram formed the 13th bar below zero. Weekly ending at 24457. The market is tired but has not given up. It may attempt to go above 24500 next week as long as 22500 support is not broken.

MA 9 and MA 16 is touching each other and almost cross down on Monday (18th May 2020). But the market is resilient, it went up and pull both MA up together. No signal this week but we will be watching and ready for a Cross Down anytime next week. Do pay attention to the market next week! We are eyeing on a fresh short because Weekly MACDH has not gone above zero while the price is resisted by 24500. If the Weekly Chart changes the outlook, we will change our viewpoint too.

TKM v1.2 will continue to monitor for the fresh entry!