newdigital

H4 price is on primary bearish with secondary ranging market condition:

• The price is located below Ichimoku cloud/kumo and below Sinkou Span A line which is the virtual border between the primary bullish and the primary bearish on the chart
• Chinkou Span line is indicating breakdown within the primary bearish
• Nearest support level is 175.66 (H4)
• Nearest resistance levels are 177.52 (H4)and 178.05 (H4)

D1 price is on primary bearish with secondary breakdown for trying to cross 176.75 support level on open D1 bar for now:

• The price is located below Ichimoku cloud/kumo and below Sinkou Span A line - bearish for D1 timeframe
• Chinkou Span line is indicating strong breakdown which was just started on Friday on close daily bar
• Nearest support level is 176.75 (D1)
• Nearest resistance level is 179.28 (D1)

W1 price is on bullish breakdown/correction which was started in the beginning of March this year:

• Chinkou Span line is very near to be crossed the price from above to below which is indicating the good possivble breakdown on this W1 timeframe on this or next week.
• If close W1 price breaks Sinkou Span line of Ichimoku indicator (Sinkou Span A line = one of the border of Ichimoku cloud/kumo) so we may see the reversal of the price movement from the primary bullish to the primary bearish on this weekly timeframe

MN price is on secondary correction within the primary bullish for trying to break 175.48 support level

If D1 price will break 176.75 support level on close D1 bar so the primary bearish breakdown will be continuing
If D1 price will break 179.28 resistance level so we may see the market rally within the primary bearish with good possibility to reversal to the primary bullish condition
If not so the price will be ranging between 176.75 and 179.28 levels

• Recommendation for long: watch D1 price to break 179.28 for possible buy trade
• Recommendation to go short: watch D1 price to break 176.75 support level for possible sell trade
• Trading Summary: bearish

Resistance	Support
177.52 (H4)	176.75 (D1)
179.28 (D1)	176.46 (W1)
185.01 (W1)	175.66 (H4)
189.70 (MN)	175.48 (MN)
N/A	168.01 (MN)

SUMMARY : bearish
TREND : breakdown