Bearish Day Rejected in $42720
Weekly Timeframe
candle is trying to break the Ichimoku cloud inside. to open up more to the downside. Area of bounce is $41300, and $38691. Area of rejection is $44743.
Daily Timeframe
Daily timeframe is still bearish. below ema ribbon and Ichimoku cloud. Area of bounce $41300 and $38691. Area of rejection $44743.
4H Timeframe.
In Fibonacci Retracement. 0.382 $41484 is where we would most likely get a bounce to the upside. It will also get a rejection in the area of 0.5 $42051 as it fits well in Ichimoku cloud Senkou B. next area of resistance is 0.618 $42617 and the area where we would most likely get a rejection is $44743.
candle is trying to break the Ichimoku cloud inside. to open up more to the downside. Area of bounce is $41300, and $38691. Area of rejection is $44743.
Daily Timeframe
Daily timeframe is still bearish. below ema ribbon and Ichimoku cloud. Area of bounce $41300 and $38691. Area of rejection $44743.
4H Timeframe.
In Fibonacci Retracement. 0.382 $41484 is where we would most likely get a bounce to the upside. It will also get a rejection in the area of 0.5 $42051 as it fits well in Ichimoku cloud Senkou B. next area of resistance is 0.618 $42617 and the area where we would most likely get a rejection is $44743.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.