Confluences of Chikou span and fibo levels define supports and resistances in this PCOR chart

The Chikou span bounced off the 50% fibo support level while price bounced above the bottom kumo . This defined the near term support.
Price resistances are also defined by confluences between these two at 9.38/ 10.31 and 11.8

pcor.jpg

Ichimoku Trading Strategies Webinar

https://pixiutrades.wordpress.com/2017/03/13/ichimoku-trading-strategies-webinar/

Advertisements