Small cap index - in a crucial point!!!

Here we are analysing index with 2 basic indicators relative strength and Ema 30, in weekly charts.
Now, in 2022.. we can clearly see bearishness in smallcap index chart as It's consistently making lower low's like it happened in 2018. In 2018 it clearly given 3 simple warnings before the big fall. You can check relative strength , which turned negative during that time.Weekly Ema 30 was broken during the above mentioned period itself.
3 pointers ticked by the bears 🐻🐻🐻
Now let's move back to 2022
1) We have Relative strength in negative.
2) Consistent lower lows were made...
Yes here two pointers were checked by bears 🐻🐻
But wait here at point 3, Now we got a pullback and we are above Ema 30 support. If it breaks down below the Ema we are going bearish and it's continuation of stage 4 breakdown. If it happens, again another smallcap mayhem is about happen. Nifty may follow the small cap index pursuit due course of time but with better strength.
Is there anything left for bulls?
Yes!!! Bulls are not erased from the picture here, we need to get a closing above 10030 and 11000 in small cap index which will terminate LH - - >LL pattern and start a new trend. If not it we will see repeat what we have seen in 2018... Yes of course we are seeing trailer of this is in many small caps right now!!!


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