Nice dip, but we may see some short covering at resistance
- Ichimoku setup has some bearish bias, but in fact it is still far from confirmed bearish
- Heikin-Ashi is bearish, but haDelta is getting close to a relatively low level, while price is approaching 309,50-310 key resistance. I don't say it can not break below 309,50, but I think first we can see some profit taking and maybe a spike back to 312,50 bearish support.
I covered small part of my short position today, however I am looking to re-sell in 312-313 range... or of course lower if it breaks down :-)
- Heikin-Ashi is bearish, but haDelta is getting close to a relatively low level, while price is approaching 309,50-310 key resistance. I don't say it can not break below 309,50, but I think first we can see some profit taking and maybe a spike back to 312,50 bearish support.
I covered small part of my short position today, however I am looking to re-sell in 312-313 range... or of course lower if it breaks down :-)