On the DLY TF, after reaching the target of the WLY KS, the price met the double resistance of the KS and the SSB. On breaking that level, the next target/resistance would be the TL.
But mind the Lagging Span, it has to cross 4 levels of resistance, the KS, the SSA, the WLY KS, the SSB...not going to be easy...
Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Comentário
Price still in the DLY Cloud. Neutral.
Comentário
As explained when in my first analysis. The passage is quite complicated for the LS as it has to cross many ICHI lines. For the moment the LS bounced back on its KS and the price are neutral between the WLY and the DLY KS.
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