I threw in an Ichimoku cloud and adjusted my buy target downward based on where price should break cloud top support. I am also displaying a stronger pull toward the downside on the volume profile. My gut says if it breaks through both the top and bottom cloud resistance it will drop further than I originally thought. Again, I am not a pro, just a simple FFAOTI.
Since I am new and learning, could anyone else offer insight here? Am I reading the potential drop acceleration from break through Ichimoku correctly, or do you see something different?
Since I am new and learning, could anyone else offer insight here? Am I reading the potential drop acceleration from break through Ichimoku correctly, or do you see something different?