More important, it has entered back into the triangle that is constricting, but the candle is across the line, and not yet clear of it.
A new bearish cross of 34ema / 233ema has occurred,
but the strong 2days move has managed to get the shorter term moving averages upto 100ema to turn sideways.
The medium and long term EMAs are already horizontal.
The oscillator has turned firmly out of the OS.
ATR has fallen steadily past 10+days, and is sideways on Friday.
Cloud is falling, turning in future for a possible cross. Present resistance would remain 18654, 18905.
CS turning up. PA after clearing TS, closed at KS.
KS sideways, with TS below it, closing.
This is a positive move in the overall negative presence.
Ichimoku - Medium parameters -
The cloud is flat and succulant, holding the sideways KS.
PA has moved above TS, the resistances in medium term would remain 18569, 19047.
CS turn has taken it into kumo.
A positive move, again in the negative presence.
In both terms the earlier lookup of confirmed positive trend only with action above cloud remains.
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