This bull market was probably the best and most obvious, easiest to trade in my whole life... until 2015. Actually 2015 swing trading worked well too. But now we have several reasons to question the charts, and maybe getting ready to switch our view.
Is this bull market reversing into a bear market soon? We are not yet able to decide it. What I see is, that probably this bull market won't be able to continue. It will probably continue "sideaway" with big swings in a very wide range (see weekly), and later... well you know me, I don't like to give such prognosis as I don't see the future, like some "tech analyst guys" with their arrows pointing here and there "do" :-)
Weekly:
- Ichimoku is turning to neutral: Chikou Span is losing open space. Price failed to make a higher high since March/2015. Kijun started to point down. Watch out for future Kumo 26 weeks ahead! Senkou A started to point down towards Senkou B, Kumo is getting thinner.
- 96,55 is very important key level: Kijun and future Senkou B there.
- Heikin-Ashi may turn bearish! Week is not yet over, but the candle looks like a doji, with already bearish bias. Warning --> haDelta/SMA3 cross down at zero
haDelta has been building a negative divergence since March/2015!!!
- EWO has failed to make a new high since June/2015!
Daily:
- Ichimoku is back to neutral, bias is changing to bearish: possible bearish Kumo twist 26 days ahead! Price breaks back below Kijun Sen.
- possible triangle break on the lower side --> bearish break
- Heikin-Ashi signal turns bearish with all its components: red candle with long body and no higher wick, haDelta/SMA3 below zero, HA Oscillator red.
Strategy: Open initial shorts! Build position slowly!
Bearish acceleration expected below 98,10
Is this bull market reversing into a bear market soon? We are not yet able to decide it. What I see is, that probably this bull market won't be able to continue. It will probably continue "sideaway" with big swings in a very wide range (see weekly), and later... well you know me, I don't like to give such prognosis as I don't see the future, like some "tech analyst guys" with their arrows pointing here and there "do" :-)
Weekly:
- Ichimoku is turning to neutral: Chikou Span is losing open space. Price failed to make a higher high since March/2015. Kijun started to point down. Watch out for future Kumo 26 weeks ahead! Senkou A started to point down towards Senkou B, Kumo is getting thinner.
- 96,55 is very important key level: Kijun and future Senkou B there.
- Heikin-Ashi may turn bearish! Week is not yet over, but the candle looks like a doji, with already bearish bias. Warning --> haDelta/SMA3 cross down at zero
haDelta has been building a negative divergence since March/2015!!!
- EWO has failed to make a new high since June/2015!
Daily:
- Ichimoku is back to neutral, bias is changing to bearish: possible bearish Kumo twist 26 days ahead! Price breaks back below Kijun Sen.
- possible triangle break on the lower side --> bearish break
- Heikin-Ashi signal turns bearish with all its components: red candle with long body and no higher wick, haDelta/SMA3 below zero, HA Oscillator red.
Strategy: Open initial shorts! Build position slowly!
Bearish acceleration expected below 98,10
