Capitaland Breakout
Capitaland brokeout on the side from the channel line and came close to testing this channel line but did not touch it. This is a bullish sign. The move so far is labelled as Minute [i]-[ii]-[iii] with wave [iv] in progress probably in a Triangle. The next move is Minute wave [v] which is target at 2.90 region. There is resistance at 2.75.
MACD
MACD is turning down and I believe that it will approach the zero line before turning up which is bullish.
Volume
This whole move is confirmed with volume as the up waves were with higher volume and the down waves with lower volume.
Alternate View
The Alternate view is that the move up is Minute wave [w-x-y] which has completed and the move down has started with Minuette wave (i) completed and Minuette wave (ii) is in progress. This is a low probability move but with issues in Europe and US, the markets could turn down so watch the markets closely for signs of this.
Elliott Wave Analysis 