Weekly price is located above Ichimoku cloud in the bullish area of he chart. The price is on ranging within 251.21/285.91 support/resistance channel waiting or direction. - If the price breaks support level at 251.21 to below so the primary bearish reversal will be started. - If the price crosses 285.91 resistance so the primary bullish trend will be continuing. Trading Summary: ranging, waiting for direction
The weekly price is on still with ranging within 251.21/285.91 s/r channel. But rhe Chinkou Spam line of Ichimoku indicator is ready to cross the historical price to above for the possible bullish breakout. Anyway, the ranging market condition is under way for now.
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The price is breaking Ichimoku cloud together with support level at 251.21 to below for the primary bearish reversal.
The weekly price is on still with ranging within 251.21/285.91 s/r channel. But rhe Chinkou Spam line of Ichimoku indicator is ready to cross the historical price to above for the possible bullish breakout. Anyway, the ranging market condition is under way for now.