Everybody has the right to buy expensive things. I just don't want to, especially not when I see Heikin-Ashi warning signal of possible weakness and top ahead on the major, weekly time frame!
Weekly:
- Price is on top of possible bearish wedge
- Heikin-Ashi weekly candle shows indecision (small body, long wicks)
- haOscillator shows weakness, and also negative divergence
- MACD is weak --> negative divergence
- EWO also has negative divergence
Daily:
- Bullish. No sell signal yet.
- But watch haDelta, EWO and MACD, if they start to show more divergence, then chance for a tight double top will increase!
- Lower support is Kijun at 4850, below that Kumo at 4775
Weekly:
- Price is on top of possible bearish wedge
- Heikin-Ashi weekly candle shows indecision (small body, long wicks)
- haOscillator shows weakness, and also negative divergence
- MACD is weak --> negative divergence
- EWO also has negative divergence
Daily:
- Bullish. No sell signal yet.
- But watch haDelta, EWO and MACD, if they start to show more divergence, then chance for a tight double top will increase!
- Lower support is Kijun at 4850, below that Kumo at 4775
