Y Wave with target (E) within stipulated time.
Price breakout above the downtrend line – this suggests a potential bullish reversal.
Price is approaching the Kumo – breaking into or above the Kumo will strengthen the bullish signal.
Chikou Span is still below candles but starting to rise – watch for a cross above the price line as confirmation.
1.63 is marked as the 52-week low, a strong psychological and technical support level.
Price to maintain above Kijun-Sen and close inside Kumo with golden cross, that would further confirm trend reversal.
Support at 1.76 and 1.73. Set a stop loss when close below this level.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Price breakout above the downtrend line – this suggests a potential bullish reversal.
Price is approaching the Kumo – breaking into or above the Kumo will strengthen the bullish signal.
Chikou Span is still below candles but starting to rise – watch for a cross above the price line as confirmation.
1.63 is marked as the 52-week low, a strong psychological and technical support level.
Price to maintain above Kijun-Sen and close inside Kumo with golden cross, that would further confirm trend reversal.
Support at 1.76 and 1.73. Set a stop loss when close below this level.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.
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.