Increasing bearish pressure
Spot weekly Kijun Sen is at 48900, but in 4 weeks time it is going to increase to 51200. Daily Kijun is also pushing price from above, currently at 52000. This 51200-52000 is becoming the first resistance zone.
100 day WMA has strarted to point down. The forward Kumo has a clear bearish indication too.
A close below 47000 would lead to an acceleration in bearish momentum to target 41000 and in case of a more negative sentiment 31000.
100 day WMA has strarted to point down. The forward Kumo has a clear bearish indication too.
A close below 47000 would lead to an acceleration in bearish momentum to target 41000 and in case of a more negative sentiment 31000.
Penafian
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