Price is actually testing a support of 7632€.
Uptrend scenario
If price bounces on 7632€ then it might get uptrend again ; The lagging span line is still inside the ichimoku cloud ; The lagging span might bounce on the lower line of the kumo cloud.
Downtrend scenario
If prices gets under 7632€, and the lagging span line (chikou span line) gets under the ichimoku cloud then that would mean a first confirmation of the downtrend, at least on shorter timeframes.
Uptrend scenario
If price bounces on 7632€ then it might get uptrend again ; The lagging span line is still inside the ichimoku cloud ; The lagging span might bounce on the lower line of the kumo cloud.
Downtrend scenario
If prices gets under 7632€, and the lagging span line (chikou span line) gets under the ichimoku cloud then that would mean a first confirmation of the downtrend, at least on shorter timeframes.
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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.