Chinkou Span line of Ichimoku indicator broke the historical price to below for the good breakdown to be started. The price broke the upper border of Ichimoku cloud to below together with support level at 69.00 for the breakdown with the primary weekly bearish reversal. The Stochastic oscillator is indicating the overbought level of the price to the bearish reversal to be continuing. If the price breaks 64.74 support level so we may see the weekly primary bearish reversal. Alternatively, the price will be on ranging waiting for direction. Trading Summary: breakdown with the bearish reversal
The price is testing support level at 64.74 to below for the possible bearish reversal to be started; otherwise - we may see the secondary ranging for direction.
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The price is testing support level at 64.74 to below for the possible bearish reversal to be started; otherwise - we may see the secondary ranging for direction.
The price is still trying to cross 64.74 support level to below for the bearish reversed trend to be continuing. Otherwise - ranging.