H1 : Once again, clouds worked perfectly well in rejecting
several successives downside breakout attempts.
Interesting to note that the last rejection seen has not been
triggered by the clouds support but by Kijun-Sen (base line) and
also by the middle line of the short term uptrend channel.
Watch now Tenkan-Sen (60457) and Mid Bollinger Band (60868) as
very short term resistances indicators levels as a failure to recover
above those levels would put the focus on the bottom of the uptrend
channel around 58000 which also coincides with the H1 clouds support area,
which is as you can see on the chart not very thick for the time being, meaning
very fragile !
several successives downside breakout attempts.
Interesting to note that the last rejection seen has not been
triggered by the clouds support but by Kijun-Sen (base line) and
also by the middle line of the short term uptrend channel.
Watch now Tenkan-Sen (60457) and Mid Bollinger Band (60868) as
very short term resistances indicators levels as a failure to recover
above those levels would put the focus on the bottom of the uptrend
channel around 58000 which also coincides with the H1 clouds support area,
which is as you can see on the chart not very thick for the time being, meaning
very fragile !
