Weekly chart:
The price is tying a breakout of the Monthly Kijun level (purple line). At the same time the Lagging Span is trying to break its WKLY KS as well (yellow circle). On confirmation the price may keep going down and I have market some plausible targets.
The price is tying a breakout of the Monthly Kijun level (purple line). At the same time the Lagging Span is trying to break its WKLY KS as well (yellow circle). On confirmation the price may keep going down and I have market some plausible targets.
Comment:
By projecting the Monthly Kumo on the chart I see that the price are now reaching the MLY SSA. The price is likely to react to that level.
Comment:
On the Weekly chart, the price broke the Monthly Kumo and the Lagging Span broke the Monthly Kijun Sen, which confirmed the downtrend movement.
The Weekly Lagging Span is getting closer to it's SSB where the price might react. This level could be a first TP level as well.
On the Weekly chart, the price broke the Monthly Kumo and the Lagging Span broke the Monthly Kijun Sen, which confirmed the downtrend movement.
The Weekly Lagging Span is getting closer to it's SSB where the price might react. This level could be a first TP level as well.
On the Weekly chart, the price broke the Monthly Kumo and the Lagging Span broke the Monthly Kijun Sen, which confirmed the downtrend movement.