We r at 50% of the last down trend move (rejection from weekly ks grey line, cs rejected from the kumo):
- possible move to the ks (blue line), note rsi is giving a sell signal;
- at ks we can bounce or continue the original down trend
- possible move to the ks (blue line), note rsi is giving a sell signal;
- at ks we can bounce or continue the original down trend
Note
w tlTrade closed: target reached
the up scenario worked well, make sure to take some profits here as we hit the first tpNote
with today close maybe we open the gate for 112/13Note
clearly a rejection from 618 fib
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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.