-Weekly
EJ has been on a downtrend over the passed year. Lower Lows and Lower Highs. Price is below the Kumo which means we may be experiencing more down trending movement. The previous week ended with a strong bullish candle finding resistance at 127.500. With such a strong push we may see a push back to 130.000.
- Daily
Price has climbed back to the other side of the channel drawn. We are seeing bullish activity due to price being above Kumo and Kijun. However, Chikou is below the Kumo, and price is in at a key level of S/R. Depending on how today's candle closes, we may see a rejection back to 125.000, or a continuation to 130.000.
- 4H/1H
We see a strong rejection off of 127.500. Price could be heading back towards the downside. It's currently setting up for a nice sell, and we could see it come back to 126.250.
EJ has been on a downtrend over the passed year. Lower Lows and Lower Highs. Price is below the Kumo which means we may be experiencing more down trending movement. The previous week ended with a strong bullish candle finding resistance at 127.500. With such a strong push we may see a push back to 130.000.
- Daily
Price has climbed back to the other side of the channel drawn. We are seeing bullish activity due to price being above Kumo and Kijun. However, Chikou is below the Kumo, and price is in at a key level of S/R. Depending on how today's candle closes, we may see a rejection back to 125.000, or a continuation to 130.000.
- 4H/1H
We see a strong rejection off of 127.500. Price could be heading back towards the downside. It's currently setting up for a nice sell, and we could see it come back to 126.250.
