MITRA - Potention on price movement analysisMITRA 1D
Y wave, target (E) within stipulated time. Reaching this target is require a bullish momentum strong enough to break 52w high.
N wave with N, V & NT projection. Price is currently inside up Kumo, indication a consolidation phase with potential for a breakout. A golden cross has occurred which is generally a bullish signal, though slightly weaker since it occurs within the cloud. This signal is stronger if price manages to break above the up Kumo.
R1 - 0.345 (senko span A)
R2 - 0.36
R3 - 0.385 (52w high)
S1 - 0.33 (kijun sen)
S2 - 0.325 (senko span B)
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
