DJI- Ichimoku conditions on 4 hour are almost ideally bearish
a. the price is below the Kumo, Tenkan-Sen and Kijun-Sen
b. the Tenkan-Sen has crossed down Kijun-Sen, below the Kumo
c. the Chikou Span is below both Kumo, Tenkan-Sen, Kijun-Sen and price
The only other condition that is not met yet is a thick Kumo cloud. It has twisted bearish however.
b. the Tenkan-Sen has crossed down Kijun-Sen, below the Kumo
c. the Chikou Span is below both Kumo, Tenkan-Sen, Kijun-Sen and price
The only other condition that is not met yet is a thick Kumo cloud. It has twisted bearish however.
Note
Broke upwards through Tenkan. Will sell my short if it breaks through Kijun. The last 4 hour candle signifies indecision so we could possibly see bearish action tomorrow.
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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.