gfarooqi

gfarooqi

I still have no idea what I'm doing. Ichimoku tells us that there is a strong resistance forming. if the price breaks through previous support line bearish signal is formed. If price breaks upwards through the ichmoku, the price will consolidate until strong supports are formed.

gfarooqi

This is not investment advice. I have no idea what I am doing, but based on previous market trend for CND... The price initially had a false top and then consolidated, and went up to its current real top. Price should decline to the buy zone shown based on the Fib retracement. RSI tells us that CND is overbought and ichimoku shows a light resistance.