4-часовой таймфрейм
Overview:
Yesterday, the MACD did not recoil downwards, and a sell signal got weaker and then cancelled at all. For the moment a new buy signal targeted to 1,1196 is formed. The signal has not been confirmed as the price is located above the Ishimoku cloud and the Chinkou Span is below the price curve. Thus, the lower Bollinger band acts as a mid-target and a further uprising movement is questionable. The Chinkou span is below the price curve which signals a falling tendency. The continuation of the sideways movement is considered the most likely. The Bollinger Bands show the sideways advance as the lines are not diverging and are directed to the sides, which denotes a sideways movement. The MACD is increasing demonstrating the current uprising progress.
Trading recommendations:
Currently, it is recommended to wait for the beginning of a trend movement after that to define the direction of the signal and the trading session target.
The chart annotation:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-Sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.