Is there still time for PIP to confirm the Doji?

PIP continue to go down with only 2 trading days left for this week to complete the week’s candlestick for the weekly chart. So far the development is not good as it continue to fall, currently breaking the Kumo from above. If this will continue to fall tomorrow and Friday then we will not have a confirmation for possible reversal posted by the Doji last week. Remember that we need a green candlestick after the Doji so we can have a confirmation. Support can also be seen at 50% Fibonacci Retracement level or around 4.42

Based on Ichimoku system, a bearish signal occurs when the price goes downwards through the bottom of the Kumo.


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