Daily: - Bullish. - The real issue here is that Tenkan, which is the shortes (9 days) average have not been broken since 22/Oct! Acts as strong support... until it acts as strong support, because when Price washes through that, it will quickly correct down to Kijun Sen. - Heikin Ashi is bullish, but haDelta negative divergence still exists! - SAR was hit today in early European session... maybe this was what ECB technicians realised so they had to leak something to save the day :-)
4H - Bullish, but no real follow through above 100+ key resistance! - Look how perfectly Kumo, Kijun Sen and 100 WMA worked again as support! -> once these fail to hold Price high, correction will hit. - EWO is still bullish but with negative divergence
If no follow through above 100+, then a rounded top, or more consolidation will be possible.
Trendline Kijun and Senkou B all up, which means key reversal level is now up to 99,35-99,40... ooops, look: daily Tenkan Sen is there too! :-)
Comments
IvanLabrie
⋅
Excellent, seems we have a similar view. Mine's even more potentially devastating.
Excellent, seems we have a similar view. Mine's even more potentially devastating.