COAL: Kijun Sen line and the gap may pull the price down

COAL has been trying to close above 23.6% Fibonacci Retracement level but has failed many times. Will it soon give up to the magnetic power of the Kijun Sen line which is moving horizontally at 1.26? or it is just relaxing?

Ichimoku elements are still in a bullish setup but the threat for now is big so be careful.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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