Back to the basics & a reminder that I am a swing trader and I have bought my puts for this dip
Trend Analysis:
Candlestick analysis shows a sideways trend.
Will the impulsive high continue or will we see a decline to a higher low?
I free handed some trend lines and as you can see, X^2's high gave me X^1's level of support which is shockingly the level of support shown by the Kurotoga cloud.
X^2's level of support is possible but highly unlikely
However we should expect to see X^1's level of support tested as the Kurotoga Cloud backs it up.
I am shocked by this because I put the cloud script in after I free handed and am pleased with the accuracy
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Y's level of support is highly unlikely. Not X, sorry for the confusion