Weekly price is on primary bearish market condition with the ranging within 100 period SMA and 200 period SMA area: Bear market rally was started in the beginning of the January this year - price broke 100 period SMA together with key resistance levels.Fibo resistance level at 1279.71 was tested the rice to above for the market rally to be continuing.Ascending triangle pattern was formed the price to be broken to above for the local uptrend as the bear market rally. ...
W1 price is on primary bullish with breakout on open weekly bar for now: price is breaking Senkou Span line (which is the virtual border between the primary ebarish and the primary bullish area of the chart) to be inside Ichimoku cloud for the secondary ranging within the primary bullish market condition. Chinkou Span line broke the price to above on close weekly bar for the breakout to be continuing, and Absolute Strength indicator is estimating the bullish trend to be started in the near future ...
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