Can it finish its complex correction at the 23% fib level??
take a look at ZigZag pattern between cyclic lines!
following my previous analysis in 4hr time frame: in 30 min time frame; possible double bottom and pinbar candlestick on the trendline. waiting for dear bullish ichimokou components!
price has broken parallel channel which was a confirmation for Komo breakout. in Ichimoko components we can see that both tenkensen and kijensen are below the cloud and chikospan also has crossed the chart. i suppose a pullback to the lower border of channel then continuation of down trend.
In daily and weekly time frame komo has been broken and forward cloud is bearish. we are waiting for pullback and Short position.
waiting for channel breakout and retest for Long position.
trend line has been broken. retest of trendline has been completed by triple top at 78% level of fib So down trend is suspected.
We have a wedge pattern out side of cloud. forward cloud is green. tenkensen and kijensen are above the cloud.price is also above the tenkensen. Waiting for wedge to be broken for LONG position.
confirmation of Head an Shoulders by neckline breaking out. forward cloud is bearish. tenkensen and kijensen are below the cloud. price is also below the tenkensen. Waiting for neckline breakout for Short position.
we have a beautiful candle which has broken the cloud. forward cloud is bullish. tenkensen and kijensen are above the cloud. looking for LONG
both tenkensen and kijensen are above cloud. forward cloud is green. price is above tenkensen All components are Bullish