The last point of support in formation
the ichi moku system depicts a resistance picture at play, but along with a potential break of resistance, considering the impending TK cross and the macd in a favourable cross for a breakout of the kumo clouds..
with wyckoff accumulation acting behind, a fresh motive wave is impending...
trade management wise, Ideally, risk averse traders would wait for that buec formation to happen and ichimoku system to depict a breakout picture and then take positions..
Disclaimer.. not an investing/trading recommendation
the ichi moku system depicts a resistance picture at play, but along with a potential break of resistance, considering the impending TK cross and the macd in a favourable cross for a breakout of the kumo clouds..
with wyckoff accumulation acting behind, a fresh motive wave is impending...
trade management wise, Ideally, risk averse traders would wait for that buec formation to happen and ichimoku system to depict a breakout picture and then take positions..
Disclaimer.. not an investing/trading recommendation