BCN 1D

2018年5月28日

Fractals happening here. You can see the price forming and completing cups and handles.

Every time this price action takes place
1) Chikou down crosses price after a heavy bull run
2) Kumo always turns bullish before a sharp bearish twist
3) Senkou Span A is in steep decline prior to the twist as evidenced on the current cloud.

Fibonnacci shows the repeating patterns.
The price begins it's bull run under the .236 fib, runs to a full extension, falls back down to .382, and then extends to .618.

The DIs on the ADX help to confirm the twist of the kumo.