Extreme love and hate - Watch for a CT long
This is how extreme love turns into extreme hate. Maybe as it is a bit too extreme, we can start to focus on some form of consolidation, correction.
Weekly:
- 13 weeks continous fall, wash through trendline and Kumo --> Ichimoku setup is strategic bearish now.
But price got too farbelow Kijun and Kumo, so the 1,95 equilibrium should attract price back a bit.
- EWO hit an extreme low last week.
- Heikin-Ashi candle may signal a pause/reversal this week, but the week has just started, so we have to check the picture 3-4 days later again. Important to have a higher low this week, optimally above 1,8150!
haDelta hit a really extreme low end of February, since then it is correcting higher, targetting zero.
- Price reached important resistance area at 1,81-1,82 during last two weeks, but despite last week it still made slightly lower low, failed to close below the key zone!
- Upper bearish supports, and possible retracement tgts: 1,8860 / 1,93+ / 1,95 (low probability)
Daily:
- Ichimoku setup is bearish
- Heikin-Ashi gave a short term bullish signal. haDelta is above zero, but what is mroe important its bullish divergence. Even if price dips one more time, we need to see haDelta holding bullish bias. Then probably with nixt spike above Kijun Sen it will give a clear counter trend buy signal.
- EWO is bearish, but buitl positive divergence.
The hate is way too big, shorts don't have much upside left to keep their bearish positions.
Maybe it is not a time to go long in large, but it worths to watch and buy small clips on dips.
Weekly:
- 13 weeks continous fall, wash through trendline and Kumo --> Ichimoku setup is strategic bearish now.
But price got too farbelow Kijun and Kumo, so the 1,95 equilibrium should attract price back a bit.
- EWO hit an extreme low last week.
- Heikin-Ashi candle may signal a pause/reversal this week, but the week has just started, so we have to check the picture 3-4 days later again. Important to have a higher low this week, optimally above 1,8150!
haDelta hit a really extreme low end of February, since then it is correcting higher, targetting zero.
- Price reached important resistance area at 1,81-1,82 during last two weeks, but despite last week it still made slightly lower low, failed to close below the key zone!
- Upper bearish supports, and possible retracement tgts: 1,8860 / 1,93+ / 1,95 (low probability)
Daily:
- Ichimoku setup is bearish
- Heikin-Ashi gave a short term bullish signal. haDelta is above zero, but what is mroe important its bullish divergence. Even if price dips one more time, we need to see haDelta holding bullish bias. Then probably with nixt spike above Kijun Sen it will give a clear counter trend buy signal.
- EWO is bearish, but buitl positive divergence.
The hate is way too big, shorts don't have much upside left to keep their bearish positions.
Maybe it is not a time to go long in large, but it worths to watch and buy small clips on dips.
