Weekly price is located above Ichimoku loud for ranging within 155/183 s/r channel waiting for the direction of the strong trend to be resumed or for the primary bearish reversal to be started.
- if the price crosses resistance level at 183 so the strong bullish trend will be resumed;
- if the price breaks 155 support to below so the bearish reversal will be started;
- alternatively, the price will be on secondary ranging within the primary bullish waiting for direction.
Trading Summary: watch the price to be crossed s/r levels on close weekly bar.
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Yeni yorum
The price broke Ichimoku cloud to below and the support level at 155 is testing for now for the primary bearish reversal.
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