1.The Kumo cloud in the weekly will give temporary support to the falling prices ..
2.The Price action is present between weekly support S1 and weekly
3.The 0.283 arc support
4. of , price magnet theory..
5.Fibo support of 0.5BC of the Reciprocal ...
Why crack down expected...
1.The is a small kumo cloud escape zone
2.A Reciprocal is expected to form
4.The 0.382 arc is the actually support arc waiting...
5.Price failure theory if
The downside is expected to halt at the green 0.382 line of the , which also completes the reciprocal formation and is the 0.618 support arc, also validated by the 0.786BC of the reciprocalABCD and weekly support S2..
And as this is a reciprocal , a upmove is expected to start after the downside , whose primary resistances can be expected to be at 0.382DC and 0.618DC respectively....
Disclaimer... this is not a time dependent analysis....No current investment
This is not an investing/trading recommendation....