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Looming 2-Day Cloud
My long position from the 2nd bottom in early July is now far into the daily-scale range. With this last increase almost through the 1-day cloud, there aren't many bearish Ichimoku indicators remaining on the 4hr and 1D. I decided to search for other bearish indicators on the multi-day scale and found a huge bearish cloud which is a remainder of the 266 bubble. Jimfred I think you are right, and this bear isn't quite dead yet, and there it is.
I'm still long until we reach this 2D cloud (on approximately 8/10 112 if the current trends hold), at which point I will likely close my long position. We will still have bullish 4hr/1D going, but I think we are going to struggle here for awhile which will make the bears happy again. Hopefully the bottom won't fall out this time.
I'm still long until we reach this 2D cloud (on approximately 8/10 112 if the current trends hold), at which point I will likely close my long position. We will still have bullish 4hr/1D going, but I think we are going to struggle here for awhile which will make the bears happy again. Hopefully the bottom won't fall out this time.
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