We have weekly SMA50 matching lower Kumo limit providing up to now quite a strong support level.
However on the daily, retracement was stopped by doji yesterday and now we just broke lower Senkou-Span B, which means that market might turn bearish if we close below the Kumo today.
Here is my weekly perspective in case above mentioned supports are broken.
Hope it makes sense.
Happy trading.
However on the daily, retracement was stopped by doji yesterday and now we just broke lower Senkou-Span B, which means that market might turn bearish if we close below the Kumo today.
Here is my weekly perspective in case above mentioned supports are broken.
Hope it makes sense.
Happy trading.