ETC --- ICHIMOKU BREAKOUT
Updated
Lets put the ichimoku to use. Got to give some credit to the volume profile here for the wick sensing ability.
Note
FIgured Id do the same format for referencing purposes. ANALYSIS:
1 -- Where is price? Just 2 strong candles above the cloud with a heavy bear wick on the current candle. --- NEUTRAL
2 -- Whats the cloud look like? Heavy flat resistance zone at $19 level. One candle has broken through. --- NEUTRAL
3 -- What do the MAs look like? Pointing upwards, yet not all of them are above the cloud. Blue MA remains inside. --- NEUTRAL
What do I think? Risky move to get into at the moment, to establish a trend all MAs have to be above the cloud for atleast 3-5 days. Direction going by ichimoku: UP ( accompanied with high risk of strong reversal)
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Note
Weekly 
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