Fractals happening here. You can see the price forming and completing cups and handles.
Every time this price action takes place 1) Chikou down crosses price after a heavy bull run 2) Kumo always turns bullish before a sharp bearish twist 3) Senkou Span A is in steep decline prior to the twist as evidenced on the current cloud.
Fibonnacci shows the repeating patterns. The price begins it's bull run under the .236 fib, runs to a full extension, falls back down to .382, and then extends to .618.
The DIs on the ADX help to confirm the twist of the kumo.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.