- Price is still above the current Kumo, but below Kijun Sen and below Senkou B line (that means Future Kumo overshades Price). Chikou span lost its open space.
- Weak Tenkan/Kijun bearsih cross -> wave lost momentum
- DMI is closing in, started to decrease -> momentum is decreasing
- is , Slow is
So far it looks like a swing back in the channel. If it will be only a correction again then Price drop should stop somewhere ard 9,28-9,32 area. But if once 9,25 key level is cleared, EURSEK will make a huge reversal with 9,00 and 8,80 in primer focus.
. Looks like each and every Kijun Sen retest is a good sell entry point. DMI-ADX is just about to start increasing, which means the momentum is just starting now. (I think, yesterday spike from 9,3950 to 9,4300 in the afternoon was due to a huge NOKSEK position unwind. Lot of people jumped on the story that NOKSEK should go to/below parity, but with Oil correction NOK quickly reversed and forced NOKSEK stops too.)
Slow just crossed down again, we may see testing 9,3260 even today.