Based on the Ichimoku analysis, here’s a trade setup using the 4-hour and daily charts, incorporating Ichimoku Wave and Time Theory:
1. Observations on the Daily Chart:
Trend: The price is within the Ichimoku cloud, indicating consolidation or indecision. However, the bullish attempt to break above the cloud suggests upward momentum might develop.
Key Levels:
Resistance: 197.50 (upper cloud boundary and recent highs).
Support: 194.50 (Kijun-Sen and lower cloud boundary).
Chikou Span (Lagging Line): Inside the price action, signaling no clear trend confirmation yet.
Wave Theory: After a sharp rally in mid-December, the market shows signs of completing a corrective wave within the cloud.
Time Theory: If the next bullish move aligns with the current time cycles (Kihon-Suchi intervals: 9, 17, 26), a breakout may occur around the next 2–3 trading days.
2. Observations on the 4-Hour Chart:
Trend: The price is trading above the cloud, suggesting a short-term bullish bias.
Key Levels:
Resistance: 197.00 (recent highs).
Support: 195.50 (Kijun-Sen on the 4-hour chart and near the cloud top).
Chikou Span: Positioned above the price action, supporting bullish momentum.
Wave Theory: The impulsive move to 198.00 was followed by a correction back into the cloud. Current price action suggests a potential new bullish wave starting.
Time Theory: Time intervals suggest a minor pullback may complete soon, and the next bullish wave could initiate in the next 4–8 candles.
3. Trade Setup:
Bullish Scenario (Preferred):
Entry: Wait for a close above 197.00 on the 4-hour chart to confirm bullish momentum.
Target 1: 198.50 (previous high on the 4-hour chart).
Target 2: 200.00 (psychological level and wave projection).
Stop Loss: Below 195.50, where the Kijun-Sen and cloud support converge.
Entry: If price rejects 197.00 and closes below 195.50 on the 4-hour chart.
Target 1: 194.00 (daily cloud support).
Target 2: 192.50 (next significant support on the daily chart).
Stop Loss: Above 197.50.
4. Ichimoku Wave and Time Theory Insights:
Wave Analysis: The market may form a new bullish N-wave if it breaks above 197.00. Targets for this wave could align with the 198.50–200.00 zone.
Time Analysis: Watch for reversals or breakout confirmations within 2–3 trading days (daily chart) or 4–8 candles (4-hour chart), aligned with the Kihon-Suchi cycles.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.