The cloud edge support on the 12H is slowly beginning to fail as support around 6.5k.
Price needs to remain above this level in order to head towards the opposite cloud edge target at 7.1-7.2k.
The tenkan is now above price which will also act as resistance.
Things are looking meek for the bulls until we can pop back over the tenkan and remain inside of the cloud.
Price needs to remain above this level in order to head towards the opposite cloud edge target at 7.1-7.2k.
The tenkan is now above price which will also act as resistance.
Things are looking meek for the bulls until we can pop back over the tenkan and remain inside of the cloud.