- setup, but not strategic until clearing previous low of 3000.
In fact I think this market is building a huge pattern. I think we still have 3-4 months to finish the right shoulder, and during this long time period market has chance to move in this wide range of 3000-3350! After all, there is ECB money printing, so 3000 will likely be bought from time to time.
However the really is to sell spikes on any visible weekly exhaustion, so short this index in 3250-3350 range from time to time.
- Heikin Ashi signal is counter . You have to watch price action on lower time frames too whenever haDelta's SMA3 reches zero line again.
- Due to short squeeze price retested Kumo and changed setup to more neutral from extreme . Thick Kumo ahead.
- Heikin Ashi has a clear warning signal for exhaustion! Look at candle position and haDelta. Since this possible exhaustion is happening ard Kumo resistance, it can easily turn into a pull back to retest 3100-3150 again.
- Market has to be treated as until trades below 3330!
Get out of all longs, open some counter shorts