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Wavethe

TPin bar rejection from 4hr support level which is also the .618 fib retracement level. Price action is below the kumo, impulsive moves followed by corrective moves show the Bears are in control, order flow seems to be smoothly rolling down in a non-volatile trend. The ichimoku kinko hiyo high lights how ichimoku wave theory makes the next impulsive leg down predictive. The N wave completion will likely break the lows of the B-C corrective leg.
Short
by IvanNYC
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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