Weekly price broke Ichimoku cloud and it is located in the bearish area of the chart for now: Chinkou Span line of Ichimoku indicator broke historical price to below for the good weekly breakdown. But the Stochastic oscillator is showing the oversold market condition indicating the possible bear market rally in the future. Price is testing the support level at 3618 to below for the primary bearish trend to be continuing. Alternatively, the price may be bounced from support to above for the bear market rally to be started with the secondary ranging condition. Trading Summary: bearish breakdown; waiting for the bearish trend to be continuing or for the ranging with bear market rally to be started; possible bullish reversal in the long-term.
The price is still testing support level at 3618 for the bearish trend to be continuing. Alternatively, the price will be bounced from the level to above for the bear markat rally to be started. For now: bearish ranging for direction.
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The price is still testing support level at 3618 for the bearish trend to be continuing. Alternatively, the price will be bounced from the level to above for the bear markat rally to be started. For now: bearish ranging for direction.