Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (19943.7). One of the previous maximums of Chikou Span line is expected to be a resistance level (21315.5).
On the daily chart Tenkan-sen and Kijun-sen lines have merged, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (19948.5). One of the previous maximums of Chikou Span line is expected to be a resistance level (21223.7).
On the four-hour chart we can see a correction of the downward movement. On the daily chart we can see the beginning of the trend reversal. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (19302.7) and Stop Loss at the level of Kijun-sen line (21013.6).
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