It has been quite some time since the last post. The position established was stopped out.
08 May saw a sharp reversal followed by price action breaking through the thin kumo cloud.
No position was established due to the bullish kumo cloud, thin though.
Price action continued to trend lower then.
The current tenkan-sen is below kijun-sen, but converging in. Price action remains a distant away from the kumo cloud low, thick kumo cloud to be specific. Kumo continues to indicate bearish mode ahead, and with strong resistance to the trend change.
The risk now is high. Remain side line.
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