We have too many and too strong divergences here on the daily! Get ready, the bearish move can be very quick if 4785 breaks!
Daily: - Kijun is up to Tenkan. A weak bearish cross can happen if price breaks below Kijun (4785) - Chikou Span hits past candles - Heikin-Ashi already gave a warning yesterday, may give a bearish conritmation today! Candle is red, and haDelta crosses down. haDelta(SMA3) is testing zero! - haOscillator has a bearish divergence, and also crossed down. - EWO: massive bearish divergence. - MACD: massive bearish divergence, and was UNABLE to cross back up! - Widenning pattern of so called "bearish megaphone" - not always reliable, but still a bearish signal.
4H: - Lot of noise, but the Ichimoku structure is turning bearish with price testing Kumo, and a possible weak bearish Tenkan/Kijun cross ahead. - Heikin-Ashi signal is increasingly bearish! - Still some spikes may happen, but any spike to 4810 is a sell imho. - EWO is already bearish, and this indicator with price below Kijun tells me to sell. Sell here and sell on spikes too!
Sell Sell Sell. This type of divergence has high probablity to cause a quick and deep pull back.
Comments
moashiman
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Really nice call! :) Great job.
Kumowizard
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If you followed me on Twitter, you saw I covered half of shorts earlier at 4704. I also enterred long EURUSD at 1,1210, bought some Platinum PLV6 at 1066, and some CL at 45,95. All with tight stops.
Kumowizard
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Homerun!
A-shot
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240 looks sweet
Kumowizard
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yes, but as you see 4695 is ahorizontal resistance. Move was very quick. That's why I covered half of short there. Hope you guys all follow me on Twitter, as active trading was post there today!