Kijun level has been forming and tested over the last two days. Senkou B line now also forming a level. Kijun level $15,500, Senkou $15,000. Likely to be a key area.
More consolidation expected short term before decision time. Bull div on RSI and potential double bottom pattern forming but no clear indicator either way that I can see. As noted in previous chart, seems likely we see a completion of the H&S retrace or break upwards to test resistance. Info above suggests 15k is the key area.
More consolidation expected short term before decision time. Bull div on RSI and potential double bottom pattern forming but no clear indicator either way that I can see. As noted in previous chart, seems likely we see a completion of the H&S retrace or break upwards to test resistance. Info above suggests 15k is the key area.
Commento:
Kijun being tested. Key level.
Commento:
Rejected trying to break through 16k. Price bounced off the tenkan around 14,5000. Ranging for now it seems.