Weekly: Absolutely bullish chart . Price stalled at resistance making it a double top with macd crossed down.
Daily: Kijun held and there has been two attempts to break it already. Cloud is getting thinner and macd is crossed down as well. Chikou is still above price. If it breaks kumo, chikou will be below price as well and we can see a decent correction here.
So, i don't expect a big upside move here and looking for a failure. I am stalking 4h for short entries. Keep an eye on it alongwith VIX. Keep your charts clean and analysis simple .
Also, i thank all of you for the follow. If you have any comment to make, feel free to type it in comments.
Thanks
Comments
xChampi0nx
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That is hard to predict Reekardo. Can be japanese, can be CBs, can be Hedge Funds or big traders, No way to tell. The key is just to focus on key levels which we already know. Price action is the key.
Reekardo
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why no break cloud? manipulation? japanese traders buying ichimoku signal?