Kumowizard

Wedge? Resistance? Negative divergence?

FX:NAS100   US 100 Cash CFD
4
- Ichimoku setup is bullish, BUT
- Last (recent) candle may refuse resistance at horizontal key and trendline (4460+)
- haDelta/SMA3 still points down
- We may have a bearish wedge
- EWO shows bearish divergence

Supports to watch: Kijun at 4420 and 100wma / prev low 4375-4390

Maybe we won't see any big moves until NFP, but we have to watch price action closely, especially around the 4420 key level.

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.