'hi everyone . got you some educational stuff ! hope it will make you some profit. based on ichimoku cloud we have 3 scenarios :'' 1: we get immediate support of the cloud and continue bullish.
2: we get stock in the cloud for 2 or 3 days then restart our bullish ternd
3: we get no support from the cloud and downfall begins!!
i think the second scenario is more probable you know why? look down at RSI; as you can see we have an obvious down trend. and here is my educational tip for you: when we have a trend line in the RSI; even it breaks, we'd still have one more wave in direction of our broken trendline in RSI. which means even our trendline in RSI breaks , we still have one more bearish wave remaining . why do i give the 3rd scenario 20% of possibility?? can you answer that?
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.