1. Ichimoku: Lagging line has penetrated through the cloud = Bull Alert
: The price is above the cloud.
: The price above the conversion and base line
: The conversion line is also a . Possible retest of the likely needed.
2. has failed to cross. Alert: Bulls are still in control.
3. are indicators too, Ignore the patterns that you have read, rather look at their information they give.
4. Harmonics and fibonacci levels: On my previous post, I was bear biased but it seems like the odds are turned to the other side now. By looking at the formations thoroughly, you can tell the bears had failed to move the price further down. I am now looking for another formation. To me, it looks like there is a chance that the market will form a since it retraced at 78.6 earlier but 38.2 rejected the price from moving even further.
- After thoroughly analysis, I conclude that the sentiment has finally been established.
Good luck and Happy trading :)