Our ichimoku is about to form the Kijun(yellow) and Tenkan(blue)
On the other hand, DMI demand to head-down, but the price at lvl 1270.56 is very strict base on 1h TF, so if the price could surpass this level, assuming an up-trend + via the strength from Ichimoku.
On the other hand, DMI demand to head-down, but the price at lvl 1270.56 is very strict base on 1h TF, so if the price could surpass this level, assuming an up-trend + via the strength from Ichimoku.
Note
According to the fib-retrace at lvl 127.2 price tends to struggle at this lvl, if it tends to surpass this, we may seen an up-ward trend, otherwise it shall bow down to meet lvl 1260/58 Note
lvl 1260 has magnet the price from 127.2% of Fib-re to that 78.6%Trade closed: target reached
reached 78.6% of Fib-re. Yet base on 4h TF, the Ichimoku cloud is about to form as a bearish trend, moreover the green-line " Chikou span is about to cross the price too, so expecting to go down further.Note
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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.