Price action has been following the trajectory of the IH&S outlined. has been adjusted.
On the , the current candle is testing a at 10,700. has risen the past two days. The may break above 20, and the is oversold. All of which are conditions.
We should also note the current position of the Chikou span (gray line), which has been moving in sync with price action, and an upcross above the price would point to a breakout that could carry the price action along the path of the IH&S pattern.
For those in Discord, we can see on the 1 hour chart, the is crossing over, and there is a weak point in the Kumo (blue circle)
If the short-term price action continues to be , there is a that aligns with the larger support and we would want to see a bounce from this area (yellow circle)
Bearish: If the price is unable to break above 10,700, we could fall to 10,300.
Bullish: If 10,700 resistance is cleared, the next main is up at 11,300.
60% / 40%