By Randolph Donney — Nov 03 - 03:55 PM
Three consecutive black daily candles after failure to reach 2022's peak
A close below the daily kijun at 149.52 would target cloud below
The daily cloud now spans 143.97-7.78
Weekly tenkan and week's lows at 148.83/81 are also pivotal
Multi-year double-top eyed if week's close is below prior week's 149.32 low
That would be the first lower weekly low in 15 weeks
Long upper shadow on the weekly candle is also bearish.
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Source:
Refinitiv IFR Research/Market Commentary