Weekly:
- Ichimoku is still bearish. It will be less bearish if price climbs above Kijun at 2900.
- Trend is bearish in a big way. For a real trend reversal market should trade above 3100 and finally above 3180! Then we could talk about a bull market.
- Heikin-Ashi signal is slightly counter bullish, the question is haDelta -> will it be able to move above zero? If yes, then Bulls can get more confidence to test 3000+
- EWO is bearish
Daily:
- Previous Head & Shoulders completed, and interesting that it did so with a possible double bottom. From a higher local low Price is now testing equilibrium zone at 2857-2887. If Bulls hold above Kijun Sen for few more days, then chance to see 3000+.
- Heikin-Ashi signal is swing bullish
- EWO is bearish
Maybe I am wrong, but somehow I just can't convince myself to buy this index... at least not yet.
- Ichimoku is still bearish. It will be less bearish if price climbs above Kijun at 2900.
- Trend is bearish in a big way. For a real trend reversal market should trade above 3100 and finally above 3180! Then we could talk about a bull market.
- Heikin-Ashi signal is slightly counter bullish, the question is haDelta -> will it be able to move above zero? If yes, then Bulls can get more confidence to test 3000+
- EWO is bearish
Daily:
- Previous Head & Shoulders completed, and interesting that it did so with a possible double bottom. From a higher local low Price is now testing equilibrium zone at 2857-2887. If Bulls hold above Kijun Sen for few more days, then chance to see 3000+.
- Heikin-Ashi signal is swing bullish
- EWO is bearish
Maybe I am wrong, but somehow I just can't convince myself to buy this index... at least not yet.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.