I use a study of ichimkoku kinkyo ho to describe a probabylity of next movement. Of course there are just Up and down...but Ichimoku kinkyo ho able to show that bearish is more reliable than bullish. my analysis just showing the power of uptrend is WEAK.
Reason:
Timeframe H4
1. Candle still inside KUMO which means consolidation
2. Resistance from senkou span B is still stiff..
Timeframe D1
1. Candle Inside Kumo which means consolidation
2. Resistance from senkou span B is still stiff
3. Resistance from tenkan sen and EMA 21 UNBREAKABLE.
Result:
Buy Position will be better when candle above kumo
Sell position will be better when candle below kumo
Reason:
Timeframe H4
1. Candle still inside KUMO which means consolidation
2. Resistance from senkou span B is still stiff..
Timeframe D1
1. Candle Inside Kumo which means consolidation
2. Resistance from senkou span B is still stiff
3. Resistance from tenkan sen and EMA 21 UNBREAKABLE.
Result:
Buy Position will be better when candle above kumo
Sell position will be better when candle below kumo
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