chartpattern
ichimokukinkohyo
indicator
trendanalysis
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I’m still learning analysis with ichimoku, in this instance amd is below the tenkansen (white line) but above kijun (blue) Kumo span a is pointing down , and span b is flat , chikou lagging line is above candles ….. so lagging above candles = good , kumo is green and thick = good………however price below tenkan =bad yet above kijun = good, kumo span a pointing down =...
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If the price breaks 406 ( previous resistance, current support) I could definitely see it hitting the previous gap area 403-400 before the 💰 train 🚂 catches steam again
2
been watching this Cup and Handle form on the daily time frame and it has finally formed the handle and seems to have bounced, I'm looking for it to break its prior resistance of $6.84
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