An Evening Star candle stick pattern has been formed which
warns of a move down. Daily S1 is at 11840. Above that is
the top at 12050. A close below the Cloud from here would
give an Ichimoku sell signal. If price manages to stay inside
the Cloud chances will increase for an upside break, as time
passes, since the projected Cloud is getting closer to a bullish
twist. A triggering of the Evening Star comes with a close
below 12367. The current level is also strong resistance on the
Daily timeframe, so it would be natural with a correction from
here. Close above 13005 will erase the Evening Star. The
MACD indicator is not fully aligned. If it produce a bearish
cross, it will also confirm a correction. A sharp move up will
find resistance at 13250 and the Daily R1 just above that level.
warns of a move down. Daily S1 is at 11840. Above that is
the top at 12050. A close below the Cloud from here would
give an Ichimoku sell signal. If price manages to stay inside
the Cloud chances will increase for an upside break, as time
passes, since the projected Cloud is getting closer to a bullish
twist. A triggering of the Evening Star comes with a close
below 12367. The current level is also strong resistance on the
Daily timeframe, so it would be natural with a correction from
here. Close above 13005 will erase the Evening Star. The
MACD indicator is not fully aligned. If it produce a bearish
cross, it will also confirm a correction. A sharp move up will
find resistance at 13250 and the Daily R1 just above that level.
評論:
The Evening Star has played out as expected and price has fallen. There is also a MACD bear cross in place now. Support: 11150 / 10740 and resistance at 12050 during current candle.
