As I wrote on Twitter yesterday, we likely saw the local bottom and a long entry had a good risk reward close to 155,
Weekly:
- Price back to the Kumo cloud. Ichimoku setup is neutral. Strange how Tenkan and Kijun deverge, this is a rare and mixed signal too.
- Heikin Ashi is bearish, but the situation is not yet lost for "Draghi and Co.". In coming weeks Price may pick up again sending Chikou Span above Kumo as well and thus resume a bullish picture.
- Question for next few months is if we see a higher high above 160,50 or only a Lower high? Oh, Jesus save the ECB! Otherwise they will try to play God again as they will have to put a bid under mkt at some point :-). Ok, I am sarcastic, but the real bubble is seriously building in bond mkts...
Daily:
- I adjusted the trend channel (less steep) and it is still bullish.
- Ichimoku has lost its bullish picture, became kind of neutral, but Price seems to start moving higher again from Kumo support. 156,65 should be cleared for a new bullish confirmation.
- Heikin Ashi signals a possible bullish revresal. Need confirmation in form of green candle and smoothed haDelta to move above zero line.
Don't worry, Central Banks (especially ECB) will not let it break down before December. Even next year they will try to blow it further for a while, so we will have planty of opportunities to go short higher and sell more Call options. For now, with high probability we will see another wave of buying.
Weekly:
- Price back to the Kumo cloud. Ichimoku setup is neutral. Strange how Tenkan and Kijun deverge, this is a rare and mixed signal too.
- Heikin Ashi is bearish, but the situation is not yet lost for "Draghi and Co.". In coming weeks Price may pick up again sending Chikou Span above Kumo as well and thus resume a bullish picture.
- Question for next few months is if we see a higher high above 160,50 or only a Lower high? Oh, Jesus save the ECB! Otherwise they will try to play God again as they will have to put a bid under mkt at some point :-). Ok, I am sarcastic, but the real bubble is seriously building in bond mkts...
Daily:
- I adjusted the trend channel (less steep) and it is still bullish.
- Ichimoku has lost its bullish picture, became kind of neutral, but Price seems to start moving higher again from Kumo support. 156,65 should be cleared for a new bullish confirmation.
- Heikin Ashi signals a possible bullish revresal. Need confirmation in form of green candle and smoothed haDelta to move above zero line.
Don't worry, Central Banks (especially ECB) will not let it break down before December. Even next year they will try to blow it further for a while, so we will have planty of opportunities to go short higher and sell more Call options. For now, with high probability we will see another wave of buying.
