The weekly price is located above Ichimoku cloud in the bullish area of the chart. The price is on ranging within 24161/26288 support/resistance channel. If the price breaks 26288 resistance to above so the primary bullish trend will be continuing. If the price crosses 24161 support to below so the secondary correction will be started with 21250 support as good target to re-enter for the possible bearish reversal for example. Recommendation: watch Chikou Span like for possible bearish breakdown; otherwise - ranging
2026.02.14 08:03
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The price broke the support level at 24161 to below on the close weekly bar, but Chinkou Spam line of Ichimoku is not indicating the secondary correction to be started in the near future for example. Thus, the price is started to be ranged within 21250 support level for the primary bearish reversal and 24161 resistance for the bullish trend continuation with the secondary ranging way.
Trading Summary: waiting for direction