Norges Bank left key rate unchanged at 0,75 % today. Some bulls who believed in surprise cut, and dovish statement had started to unwind their longs already, but key reversal area is still a bit lower.
- , trend . - as goes the Oil . However Price has been below Tenkan Sen (9 weeks avg ) for last 4 weeks.
- Heikin Ashi: some early warning in haDelta + candle has a lower high.
- Lower key levels are: 9,20 / 9,00 / 8,80+
- is neutal. Price has failed to break back above Kumo and Kijun sen 5 times!
- is close to be tested ard 9,26. Kumo bottom at same level
- Key area is clearly 9,20-26 on the daily too. A break below this could accelerate selling.
- Heikin Ashi shows serious undecision: like candles in a row: Buls always try to push it higher then they fail. Today candle has very long wicks, with candle body mid at equilibrum of 9,35. haDelta has a warning!
I sold some small after Norges decision this morning. Bigger size I would do only below 9,26 as we still need more confirmation signals!