rejection from 4hr support level
which is also the .618 fib retracement level. Price action
is below the kumo, impulsive moves followed by corrective moves show the Bears are in control, order flow seems to be smoothly rolling down in a non-volatile trend. The ichimoku
kinko hiyo high lights how ichimoku
wave theory makes the next impulsive leg down predictive. The N wave completion will likely break the lows of the B-C corrective leg.