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Danwood, you must have been talking to Tucker, because I was going to take the opportunity to address that.
I had to post the chart this time to give a more picturesque view of what I am talking about it. There are reasons to still be optimistic that this leg is headed to our objective at 5687. The light blue circled area shows what possibly could be a headfake out of the cloud. It barely made it out, and then once out, it went nowhere. There are times where I have to make an allowance for that, because even the ichimoku is not perfect 100% of the time. The other thing that leads me to be optimistic is the light green encircled area. It is not very common to draw a TL from the low, to the first swing low, and not have a bounce off of it. It is also not very long. The longer the TL, the more valid it becomes.(Just something I've noticed in the short time I've been using TL's). Assuming all this diatribe is correct, then what we have is the candle not really breaking lose out of the cloud, and a TL that never really existed. This means it is a matter of time when we get a true break out of the cloud, because a headfake simply constitutes it never left the cloud. This is my prevailing view, because Danwood also pointed out something. Even though we are still under the TL, the day finished above the original support. If that is a true break of the TL, then we are motoring further south.
Now, if I don't sound too convincing this time, it is because I didn't mean to--lol. The opposite scenario is we get a move to the bottom of the cloud and the kijun combination at 5417. That would be initial strong S, and if broken, things get ugly.
The lack of confirmation to the downside tells me to hold to my original view, and then we will be bullish on Friday. The unsure part of me says we get the strong move to 5417, and it will contain the price action for the day.
Also, I think I was clear in why I am using my "A" levels for my S&R's this week. So, as far as they are concerned, there is only one way to interpret them, and that is we get the clean bounce off of the WS1a at 5399, and we are headed to the WR1a at 5570. What this also means is that 5485 is a key level and we are above it.
In summary, my personal bias is still UP, as we have had no confirmation otherwise. But, if I traded Nifty, and was daytrading, this is one market I would stay away from, because there is not a degree of high-confidence in my view.
As 5487 had been taken out and bounced back now what would be the next move.Last candle has opened and closed above the H1 cloud without wick . Will there be a uptrend or downtrend or sideways market tomorrow ?