This one under a somewhat plump bearish Ichi. cloud, has hit .382 retrace down and could easily go further to .50 level around 805. Below that, 790, both old swing low support and .618 retrace level. No significant buy volume yet so suspect further downside in this timeframe first. On weekly this is still in SOLID uptrend and a minor correction would take down to 723 level without threatening it at all. I like your thick orange line. Shows some structure very clearly (and it is pointing down......)
Devise2Day
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@CaperAsh,
"I like your thick orange line. Shows some structure very clearly (and it is pointing down......)" :agree:
I`m curious, if the line holds and bull can take enough power to break up through the GAP (purple), for the next week ...
Best regards!
Aaron