Reaction?
The blue zone is the monthly Kijun and price was gravitating towards it for 3 months now and 3 happens to be the magic number. Remmber kijunis also the 50% Fib zone. So i am looking for a bearish May. I want price to hit and reject the blue zone (preferably on the daily) with good volume. That little doji that closed off the week says a lot,small little candle but the volume traded was higher than average. The bears are building up. However i prefer we really get into blue and reject. . . .so i wait.
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