mql5

Weekly price is on bearish breakdown: the price is breaking Ichimoku cloud together with Senkou Span line which is the border between the primary bearish and the primary bullish trend on the chart. Price is breaking 4264.81 support level to below together with descending triangle pattern for the bearish breakdown to be continuing. Chinkou Span line crossed the price to below for the breakdown, and Absolute Strength indicator is estimating the primary bearish market condition in the future to be continuing.

Resistance	Support
4739.75	4264.81
N/A	3787.23

If W1 price will break 4264.81 support level on close bar so the bearish breakdown will be continuing with the price to be reversed to the primary bearish market condition.
If W1 price will break 3787.23 support level to below so the price will be on the primary bearish market condition during the next several months.
If W1 price will break 4739.75 resistance to above so we may see the bullish condition to be started within the secondary ranging.
If not so the price will be ranging between the levels.

Trend:
W1 - breakdown with the bearish reversal