Last weekly candle closed before the Kumo, this week candle, althought bullish failed to close above the Kumo confirming a bearish move.
The above comment is also supported by bearish fractal break.
Fibonacci extension provides an idea as to where the market may find zones of support and resistance.
The above comment is also supported by bearish fractal break.
Fibonacci extension provides an idea as to where the market may find zones of support and resistance.
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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.