If you missed the Tweets, no problem, it is still not too late. I show you why.
- setup is bearish: Price is below Kumo and Kijun, Tenkan/Kijun is , Tenkan and Senkou A point down.
- basic rule of Kumo breakout says the break has to be validated by a lower low on next leg down. That would be around 8,90. This would also mean a clear break of the 4 years major strategic trendline!
- Heikin-Ashi gives a sell signal this week! haDelta and DM_Oscillator dip below zero.
- EWO and are too.
If it breaks down, next targets are 8,50 and 8,35
- After some consolidation in the Kumo, and testing 100wma, it clearly turns back to .
I called for this trade back in June-July. I took profit in October, and I was waiting very patiently for the pull back and the consolidation. Yesterday I enterred short again.
OPEC has changed the game, and Norway will be one of the big winners. As I also wrote in my previous posts, the Norwegian economy is very healthy with C/A surplus, no debt, but with already increasing path!
I really believe this can be one of the big trend trades in 2017!