Solid support right around current levels, not just with
horizontal support but also the Yearly Pivot Point and
Kumo bottom / Pitchfork lower band. A breakdown from
here will also give a weekly signal on the Ichimoku (Kumo
Break). Still, with the strong support, chances are good for
a bounce. Even at current price, there is a Neutral Senkou
Cross Bearish Signal (Seen as the crossing of the Kumo
Cloud lines (The Senkou Span)) . A Weekly close below
Yearly Pivot Point 134,75 will be VERY Bearish with several
sell signals as described above. A Weekly close below 135,31
will produce the rare Ichimoku Bearish Kumo Breakout.
horizontal support but also the Yearly Pivot Point and
Kumo bottom / Pitchfork lower band. A breakdown from
here will also give a weekly signal on the Ichimoku (Kumo
Break). Still, with the strong support, chances are good for
a bounce. Even at current price, there is a Neutral Senkou
Cross Bearish Signal (Seen as the crossing of the Kumo
Cloud lines (The Senkou Span)) . A Weekly close below
Yearly Pivot Point 134,75 will be VERY Bearish with several
sell signals as described above. A Weekly close below 135,31
will produce the rare Ichimoku Bearish Kumo Breakout.