Break out, followed by a pullback
If the market can continue to put in lower lows, and reach the 144.00 as stated on the chart above where a support line is drawn due to prior resistance. If price can reach that level, then on a weekly time frame this will put price below the kumo cloud along with possibly a tk kumo break signal indicating a chance of even more downside for the year to come.
a stop should be placed above the 172.00 mark. while the target should be at the 144.50
which would create a 1.835 reward to risk ratio.