Short
BCN 1D
Fractals happening here. You can see the price forming and completing cups and handles.
Every time this price action takes place
1) Chikou down crosses price after a heavy bull run
2) Kumo always turns bullish before a sharp bearish twist
3) Senkou Span A is in steep decline prior to the twist as evidenced on the current cloud.
Fibonnacci shows the repeating patterns.
The price begins it's bull run under the .236 fib, runs to a full extension, falls back down to .382, and then extends to .618.
The DIs on the ADX help to confirm the twist of the kumo.
Every time this price action takes place
1) Chikou down crosses price after a heavy bull run
2) Kumo always turns bullish before a sharp bearish twist
3) Senkou Span A is in steep decline prior to the twist as evidenced on the current cloud.
Fibonnacci shows the repeating patterns.
The price begins it's bull run under the .236 fib, runs to a full extension, falls back down to .382, and then extends to .618.
The DIs on the ADX help to confirm the twist of the kumo.
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Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.