Short
Kumo resistance on SP1! on 4hr chart (2068)
On the Ichimoku 4hr chart, kumo resistance can be seen around 2068.
This correspond to the Tenkan sen and Kijun sen on the Daily chart.
It is likely that a breakout above 2068 will be difficult with the price level currently trading below the kumo; a sign of continuous bearish position for the swing traders.
This correspond to the Tenkan sen and Kijun sen on the Daily chart.
It is likely that a breakout above 2068 will be difficult with the price level currently trading below the kumo; a sign of continuous bearish position for the swing traders.
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