Levels to watch if we break current support.
We have weekly SMA50 matching lower Kumo limit providing up to now quite a strong support level.
However on the daily, retracement was stopped by doji yesterday and now we just broke lower Senkou-Span B, which means that market might turn bearish if we close below the Kumo today.
Here is my weekly perspective in case above mentioned supports are broken.
Hope it makes sense.
Happy trading.
However on the daily, retracement was stopped by doji yesterday and now we just broke lower Senkou-Span B, which means that market might turn bearish if we close below the Kumo today.
Here is my weekly perspective in case above mentioned supports are broken.
Hope it makes sense.
Happy trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.