USD/JPY has formed consecutive lower highs indicating a bear market on the H4. On the daily you can see price bouncing off the daily support of 110.07 few weeks ago and retraced to the 61.8% fibonacci level before continuing the bearish momentum. Price has struggled to break the H4 resistance level of around 111.41, forming spinning tops and dojis with long wicks ...
Chart tracker, minimized.
The bearish targets are not displayed in chart, too much bars in to the future :-)
Log
https://www.tradingview.com/x/N4Jrh8wk/
Lineair
https://www.tradingview.com/x/iUfFwDh3/
with the possibility of bear market holding cash could be a better alternative to ETF'S in this index over the next 6 months until
price is within the rectangle above.
Historic bear markets
http://www.nbcnews.com/id/37740147/ns/business-stocks_and_economy/t/historic-bear-markets/#.Wrmbxmxy7IU
