Daily: 13 days in a row green, but for the last 5 days with smaller and smaller candle bodies. Slow Stoch turning down. Maybe a rounded top and finally we see a correction to 3980-4000?
4 Hrs: Still bullish, but ADX decreasing, so trend is loosing a bit of momentum. KijujnSen at 4054 is the Key support, which has to hold, otherwise we'll see a correction.
1 Hr: Clearly some chance for a top building here. Chikou Span hit Price candles, ADX down. Key level is 4055 here (Kumo bottom), which is in line with 4 Hrs Kijun Sen. If it can not quickly and massively break above 4080, soon the lower side will be hit.
If you'd like to play the correction, or if you're long, Sell when it breaks the 4055 Key support.
My last swing sell setup was not triggered (pls see link below). Now I move the entry higher. Actually from higher we sell, the better risk-reward we'll have. Wait and see.
p.s.: I do not see much upside from here for Bulls. Of course they always see a lot more upside! :-) Greed what has been driving these equity mkts... until once fear will start to dominate. Try Baby...Cry Baby.
4 Hrs: Still bullish, but ADX decreasing, so trend is loosing a bit of momentum. KijujnSen at 4054 is the Key support, which has to hold, otherwise we'll see a correction.
1 Hr: Clearly some chance for a top building here. Chikou Span hit Price candles, ADX down. Key level is 4055 here (Kumo bottom), which is in line with 4 Hrs Kijun Sen. If it can not quickly and massively break above 4080, soon the lower side will be hit.
If you'd like to play the correction, or if you're long, Sell when it breaks the 4055 Key support.
My last swing sell setup was not triggered (pls see link below). Now I move the entry higher. Actually from higher we sell, the better risk-reward we'll have. Wait and see.
p.s.: I do not see much upside from here for Bulls. Of course they always see a lot more upside! :-) Greed what has been driving these equity mkts... until once fear will start to dominate. Try Baby...Cry Baby.
