Weekly: - Ichimoku setup is long term bearish, but Price is far below Kijun Sen and Senkou B. After such a big move Price tends to pull back towards equilibrium - Heikin-Ashi candle suggests consolidation or pull back ahead. haDelta crosses above SMA3, but still below zero line - weekly bearish supports are: 1st ard 0,7950-0,800 (Tenkan Sen and steep trendline), 2nd will come ard 0,8350-0,8400 (as time passes, Kijun Sen will come lower)
Daily: - Small but green Heikin-Ashi candles after a possible short term double bottom, haDelta and SMA3 back above zero The Oscillator turned bullish - Ichimoku Setup is bearish, but a flat Kijun Sen may attract Price. - A pull back is more likely, but Kijun Sen and the Kumo will act as strong bearish support.
4H: - weak bullish Tenkan/Kijun cross happened few days ago, and now Chikou Span made a medium bullish cross. - Price is flirting with Kumo top. A breakout needs confirmation later in with Chikou also crossing above past Kumo - Watch bullish Senkou Span cross - HA candles are bullish with increasing haDelta and SMA3, Oscillator is bullish too.
After a Kumo breakout dips should be bought with stop below 0,7720 and with tgt at 0,7950-0,8000
Comments
Kumowizard
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Tighten up stops! Price action doesn't look very good. Daily HA candle turns double wicked doji again. Couldn't clear previos 4H key supp/res at 0,7830, so the Kumo breakout on the lower time frame was not validated.