MRCB - Require an aggressive bullish momentum.

N wave with E, V, N & NT projection. Currently price and Chikou Span still below Tenkan Sen, Kijun Sen & down Kumo, considering the market still in bearish position. Require an aggressive bullish momentum to push the price upward with Tenkan Sen as an immediate resistance. if the price breaks above the Kumo and the Chikou Span confirms the breakout, the trade might develop into a stronger bullish trend and towards the completion of the Y wave.
R1 - 0.550 (Tenkan Sen)
R2 - 0.570
S1 - 0.520
S2 - 0.470



Note:
1. Analysis for education purposes only.
2. Trade at your own risk.