The Ichimoku cloud is a chart used in technical analysis that shows support and resistance, and momentum and trend directions.
Now we look for any resistance levels.
I like the intersection between Fibonacci extension levels and trend lines to find my targets
Target 1, the intersection has already passed. Therefore target 2 is obviously a better choice for a longer run.
Now we look for any resistance levels.
I like the intersection between Fibonacci extension levels and trend lines to find my targets
Target 1, the intersection has already passed. Therefore target 2 is obviously a better choice for a longer run.
Comment:
Sign of retracement from 5800 level
Comment:
20 & 50 EMA crossover Down. Price action is going to retest 4970