Trend reversal as the price are now below the DLY Cloud. The price also broke the lower trend line of the Andrew Fork.
The price is now testing the Kumo breakout = Neutral.
Glossary : WLY = Weekly DLY = Daily TS = Tenkan Sen KS = Kijun Sen LS = Lagging Span/Chikou Span TL = Trend Line TP = Take Profit SL/INV = Stop Loss / Invalidation level TF = Timeframe Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Commento
Ouch! Looking at this WLY chart we can see that it's the first time since prices crossed the WLY Kijun Sen since February 2020... The week is not over yet though so let's see where we close tomorrow evening.
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