As indicated by B, the Stochastic breaks below 30%, entering the short term bearish territory. If the Stochastic should stay below 30%, the short term movement of the FBMACE is expected to be weak.

As indicated by C, the MACD histogram is still falling, thus still showing a Rounding Top. The falling of the MACD histogram suggests that the FBMACE is still losing strength, and the weakness shall carry on until the MACD histogram should form a rounding Bottom.

In conclusion, the FBMACE failed to form a Higher-low, thus failing to extent its short term uptrend. However, this does not mean that the FBMACE is forming a downtrend now, not until it forms a Lower-High. Technically, after forming a lower-High, the FBMACE would have to break below a recent support, then only counts as a downtrend formation.

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