BCN 1DFractals happening here. You can see the price forming and completing cups and handles.
Every time this price action takes place
1) Chikou down crosses price after a heavy bull run
2) Kumo always turns bullish before a sharp bearish twist
3) Senkou Span A is in steep decline prior to the twist as evidenced on the current cloud.
Fibonnacci shows the repeating patterns.
The price begins it's bull run under the .236 fib, runs to a full extension, falls back down to .382, and then extends to .618.
The DIs on the ADX help to confirm the twist of the kumo.
Chickouspan
Price has got over the Ichimoku cloud in 1h-timeframe.And the lagging span line (chikou span line) is actually trying to cross the ichimoku cloiud in one-hour timeframe. If the lagging span line gets over the kumo then that would mean a confirmation of the uptrend at least in one-hour timeframe (for hourly investors). If the lagging span line gets over the ichimoku cloud then one will have then to watch on 4 hour timeframe and daily timeframes to identify potential resistances for the price and the lagging span line.
