- Heikin Ashi candle body shrinked a lot today, and there was no lower low compared to 4/Sept low! haDelta is turning higher from a relatively low print. A minor around Kumo support at 1,1100 is also possible -> neckline confirmation is at 1,1366 -> if confirmed, tgt 1,1600-1,1700 area
- Setup is neutral, but upper Key levels are very close now:
1,1260+ and SENKOU B
1,1370+ Kijun Sen, which is above the Kumo
Actually in case of a move above 1,1370, we would have a confirmed trend break, a confirmed local pattern, and a continuation signal.
Think about the "fundamentals" too.
- Do you think FED will cause more chaos with hiking in October? Nope, I don't think so.
- ECB's Draghi and his colleagues clearly trying to chill down expectations for more .
Watch for next #HeikinAshi buy signal, and don't hesitate to buy in case! Place initial stop below 1,1010.
p.s.: Sorry for less posts, but I lost one of my best friends yesterday, so I did not have too much strength to deal with markets. From tomorrow afternoon I will be off, travel to meet my High School mates this w/e and also to relax a bit.
This means I will not post here on Tradinview, but if you follow me on Twitter (@Kumowizard) there I will still do some tweets in case I find something interesting.