Based on the Ichimocu system here we can see that the price is above the cloud meaning that the price seems to be moving up for the time being.
The tekan sen and kijun sen seem to be in a bullish formation giving us another clue that the market may probably continue its bear move.
Based on ichimocu system what we would like to see is the price to bounce on the cloud and then cross the two lines kijun sen and tekan sen before we start looking for any potential bullish signals.
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