Let's see what has changed, and why price is unable to move higher now.
Daily: The Kumo was and still is too thick. Normally it is very difficult for any instruments to trade out of the Kumo in cases like this. After not fully testing Kijun Sen (which was my original price target at 1335 for the prev. long position) Price is back into the Kumo, with Slow giving a signal. is very low, DMI lines could not get wider from each other. All in all it means a wide range consolidation is likely ahead, with no real trend to pick up.
4 Hrs: Previous good behaviour disappeared. price broke agressively below Kijun Sen, and DMI crossed .
I think the best strategies are:
1. for trend traders to leave it alone for a while.
2. for swing traders, or for those who like to trade ranges, follow 4 Hrs Slow signals and/or 1 Hr chart trade signals. Looks like price will be a bit choppy and sideaway in 1295 - 1330 range.
There is of course some chance that we may see a attack to 1280, but the probability of success for bears to reach that tgt is very small if we take into consideration the following supportive elemnts: Daily Future Kumo is now and points up. Daily Tenkan Sen points up. is . support is at 1295 within the Kumo.
So next Long attempt can be 1295-1300, if you follow the No.2. strategy.
May you have any questions or would you like to comment, please feel free!