Renko chart / Traditional / 0.5 box size (=historical high * 0.01)
Ichmoku Cloud (Default Setting)
- Position : LONG
1. Lagging span of Ichmoku broke down trend resistance( price line & Ichmoku cloud )
(It has not been broken since 2012)
2. Higher Low was made ( )
3. Price also broke Ichmoku cloud
4. Ichmoku cloud is green
5. TradeWar getting worse
- Risk Management
EXIT IF 1 RED BRICK IS MADE & LOOSING MONEY
1. Consider selling 1/2 if price touch Target1 or Target2. Correction could be occur.
2. Sell if price block break conversion line
Buying after watching correction wave is recommended!
Next resistance Target 2 is previous high price.
I think at least 1 correction wave will be appeared around Target 2 area.
It seems that correction wave is started.