Kumowizard

NAS100 - OK, it is still bullish, but a bit overbought

FX:NAS100   NASDAQ 100 Index
178 2 4
Weekly:
- Still now close below Kijun Sen, so the trend is still very bullish , key supports (Kijun and future Senkou B) are coming higher
- Heikin Ashi signal switched to bullish again, but haDelta is reaching extreme high area, so we may see some momentum slow down soon

Daily:
- Back to bullish Ichimoku setup. Remember, a valid bearish Kumo breakout needs the criteria of close below previous key support low. It did not happen, so Price blew up to new highs.
-- Heikin Ashi is bullish , but looking at haDelta, which has started to turn down from extreme high level, we may see some bullish consolidation or a 1-2 % pull back later this week.
Great job!!!!! The last few candles on the daily sure looked stretched out, maybe a bit overbought?
Reply
thank you for the helpful insight
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out