... let's plan the downtrend.
The daily Ichimoku is showing an alarming bearish setup:
- For the last 7 days, Kumo (future Cloud) has been flat and completely squeezed (at 2058), meaning a big move is ahead.
- At the 8th day (today):
- A weak bearish Kumo twist is taking place.
- A strong bearish T/K cross is occurring.
And this is happening with price being above the daily Cloud, so huge bearish divergence...
The daily Ichimoku is showing an alarming bearish setup:
- For the last 7 days, Kumo (future Cloud) has been flat and completely squeezed (at 2058), meaning a big move is ahead.
- At the 8th day (today):
- A weak bearish Kumo twist is taking place.
- A strong bearish T/K cross is occurring.
And this is happening with price being above the daily Cloud, so huge bearish divergence...