Sergey Golubev

The Ichimoku cloud was almost broken by the daily price to below for the good daily bearish reversal, and the Chinkou Span line of Ichimoku indicator is showing the daily breakdown to be started. If the price breaks the support level at 49.2 to below on the daily close bar so the daily price will come to the bearish area of the chart with the bearish reversal for example. If the price crosses the resistance level at 54.2 to above for the possible target to re-enter as 55.4 resistance so the primary bullish trend will be resumed. Alternatively, the price will be on ranging within s/r levels waiting for direction. Trading Summary : possible bearish reversal

Daily price is located above 200 SMA in the bullish area of the chart. The price was bounced from 94.9 resistance level to below for the secondary correction to be started and with Stochastic oscillator to be confirmed this short term trend for example. For now, the price is trying to break the descending triangle pattern with support level at 83.7 for the correction to be continuing up to the bearish reversal support level at 77.8. Alternatively, the price will be on the secondary ranging within s/r levels of the primary bullish trend waiting for the direction of the strong bullish trend to be continuing in the case of resistance level at 94.9 to be broken to above or to the primary bearish reversal to be started with 77.8 support level to be crossed to below on the close daily bar for

The weekly price is on strong bullish breakout for crossing the resistance level at 386 to above for the strong bullish trend to be continuing . Chinkou Span line of Ichimoku indicator is showing the strong bullish breakout but Stochastic oscillator is indicating the overbought market condition for example, and if the price breaks the support level at 271 to below so the primary bearish reversal will be started . Alternatively, the price will be on bullish ranging within the possible new levels waiting for direction. Trading Summary : possible bullish trend to be continuing.

Weekly price is on ranging near and above 200 SMA in the bullish area of the chart. The price is located within 1.2782/1.6072 s/r channel waiting for the bullish trend to be continuing with 1.6072 resistance to be broken on close weekly bar or for the primary weekly bearish reversal to be started with the price to be crossed 200 SMA together with 1.2782 support level to below. Stochastic oscillator is on oversold market condition so the most likely scenario is the primary bullish trend to be resumed. Trading Summary : waiting for direction

The weekly price is located near and below Ichimoku cloud in the bearish area of the chart for the secondary ranging within 35/45 s/r channel waiting for the direction of the bearish trend to be continuing or for the bear market rally to the possible bullish reversal to be started. There are key s/r levels for possible breakout and breakdown to be formed, for example: 26 support for possible bearish breakdown and resistance level at 56 for the possible bullish breakout. Trading Summary : wait for the s/r levels to be crossed on the close weekly bar for the bearish trend to be continuing or for the rally-to-reversal to be started.

The weekly price is located below Ichimoku loud in the bearish area of the chart. The price is on ranging to be near and below Ichimoku cloud for trying to break the support level at 2.555 to below for the bearish ranging trend to be continuing. Alternatively (and based on fundamental factors) the price will be bounced from the support level to above for the primary bullish reversal to be started. Most likely scenario : ranging

Stochastic with 34-5-5 settings is the "fast" version of it, and it is used to identify the possible reversals in short-term situation and/or in lower timeframes for example: overbought/oversold market condition in the current market for example. It is used with the other indicators for trading such as 55 SMA, 100 SMA, "medium"/"slow" version of Stochastic and more.

Stochastic with 100-8-8 settings is "slow" version of it, and it is used to identify the possible reversals in long-term situation and/or in higher timeframes for example. And because of that - the indicator with the parameters are used to estimate the possible overbought/oversold market condition in the long-term to confirm, and it should be used with the other indicators for trading for example.

The Stochastic Oscillator with settings 55-8-8 is used to filter out market noise compared to the standard setting. Besides, when the oscillator rises above 80 so it indicates an overbought market condition, and below 20 is indicating the oversold condition. This 55-8-8 setting is better to be used for trend-following strategies as well as the trade during the market reversal situation for example.

Weekly price is below Ichimoku oud in the bearish area of the chart. The price is located within 59847/78394 s/r channel for trying to break the resistance level at 78394 to above for the bear market rally to be started. If the price crosses 59847 to below so the primary bearish trend will be continuing. Alternatively, the price will be on secondary ranging within s/r channel. Recommendation : watch the price to cross support or resistance level on weekly close bar for possible sell or buy position for example.

Weekly price is trying to break the resistance level at 649 to above for the strong bullish breakout to be continuing. The Chinkou Span line of Ichimoku indicator is crossed the historical price to above indicating the breakout to be continuing in the near future. If the price breaks support level at 637 to below so the secondary correction will be started; if the price crosses the support at 555 so the primary weekly bearish reversal may be started in the secondary ranging way; if the price breaks 649 resistance level on weekly close bar so the strong bullish breakout may be continuing. Trading Summary : watch the price to be crossed with the levels for possible buy or sell trades on the lower timeframes for example.

Weekly price is located above 200 SMA for trying to break the resistance level at 59 to above for the strong bullish trend to be continuing. The price is within 53/59 s/r channel for the secondary correction to be started with 47 level as the possible re-enter target for the bearish reversal or for the bullish trend to be continuing with the resistance lebel at 59 to be broken above. The Stochastic oscillator is on overbought condition indicating the secondary correction to be started in the near future. Trading Summary: waiting for the levels to be crossed on close weekly bar for possible direction in lower/intra-day chart for example.