Potential signals to watch out for.
Upside:
Downside:
Upside:
- Most candlesticks that broke above the cloud have higher highs and higher lows
- Tenkan-sen and Kijun-sen crosses upwards
- Chikou-span i.e. the lagging line is about to cross above the cloud
- No weekly bearish bars above the cloud
Downside:
- Last week's candle is a potential reversal signal, it's also an inside bar, therefore a breakout is required for confirmation
- Price is approaching a monthly resistance, be mindful a sharp reversal may occur.
- The Lagging line may be rejected by the top of the cloud
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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.