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Ichimoku Cloud

Gold shows temporary retracenment by IchimokuGold Daily chart shows a temporary retracement by below Ichimoku confirmations. - Kumo (Senko span A and B) flat - Kijun sen flat - Tenkan sen flat Chiko span is below the candles so the momentum is still bearish. Below are the next possible scenarios. 1. Price will be resisted by the trend line and continues to go down 2. Price will be resisted by Kijun sen and continues to go down However, if market breaks the Kijun sen, Chiko span could touch the candles and the market will be in a range.
OANDA:XAUUSDShort
by ForexKei-Official
1
BTCUSD - H1/M15 - ONGOING CORRECTIVE MOVE IN PROGRESS !H1 : The expected Head and Shoulders formation mentioned in my yesterday's analysis failed !! As mentioned in my previous D1/H4 analysis, it it likely to see some correction after the rally seen recently. The ongoing expected move is under way calling for a move towards the former high @ 52652 which was the former resistance and becomes now the new first significant support level. A breakout of that level would put the focus on MBB, currently @ 52161 and KS @ 51908 M15 : Looking at the latest development, we can clearly see the uptrend line support (in green) which coincides, currently, also with the clouds support zone and also with the first Fibonacci retracement, 38.2 % @ 52516. Interesting to note that the 50 % Fib ret is also the bottom of the clouds Watch carefully ongoing price action over the coming period (s) Have a nice trading day All the best Take care
BITSTAMP:BTCUSD
by Ironman8848
1
btc usd perpetual PHEMEX 2021 march-On 4 hour ichimoku cloud we see a green cloud with a fox heads shape. -One of my fib extension zones match the size of the snout HOWEVER -After that we have printed some red cloud on the 4 hour -On this chart when we look at the 3 hour cloud we see the red cloud matching the size of the same fib extension zone and even more red cloud being printed -What does this tell us? Possibly that the red cloud will continue to form due to that zone on the fib extension showing stronger confluence towards resistance -Possible head and shoulders forming to perpetuate the idea of this zone of confluence being a resistance not a zone of support -Blue conversion line is crossing the price action to the upside indicating bearishness -If I were to look for a long entry it would have to break my fib extension level of $52.8k
B
by sterlingirani808
btc usd perpetual PHEMEX-On 4 hour ichimoku cloud we see a green cloud with a fox heads shape. -One of my fib extension zones match the size of the snout HOWEVER -After that we have printed some red cloud on the 4 hour -On this chart when we look at the 3 hour cloud we see the red cloud matching the size of the same fib extension zone and even more red cloud being printed -What does this tell us? Possibly that the red cloud will continue to form due to that zone on the fib extension showing stronger confluence towards resistance -Possible head and shoulders forming to perpetuate the idea of this zone of confluence being a resistance not a zone of support -Blue conversion line is crossing the price action to the upside indicating bearishness -If I were to look for a long entry it would have to break my fib extension level of $52.8k
B
by sterlingirani808
Keylevels to watch for Bitcoin/DollarThe $51684.9 level is a strong S/R line because this corresponds to a Kijun Sen flat line and Senkou Span B flat line. We can see that the current 4-Hour japanese candlestick has its high that corresponds to this $51684.9 value. In an uptrend scenario, the keylevels to watch are : $51684 $52679 $53668 The price might go down to $50004 (H3 Tenkan sen flat line + Kijun sen flat line) before going uptrend again. $50004 might be a strong support for the price.
KRAKEN:BTCUSDLong
by trader77974
3