On the 4-hour chart price may dip below the tinken line (circled green) which may indicate a drop down to the kijun line. Close to a 12% drop, before finding support on the cloud.
Some traders/algos may take profit below the tinken, looking to rebuy at the kijun.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Some traders/algos may take profit below the tinken, looking to rebuy at the kijun.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
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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.
Related publications
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.