- , setup.
- Watch Heikin Ashi candle this week. If there won't be a lower low, the candle may have a small inside body, or can turn into a long wicked as well. haDelta/SMA3 cross gave early signal of a possible correction or pause in trend.
- Sharp price drop after the Kumo retest, however Price seems a bit oversold short term.
- Watch Heikin Ashi candle change today! haDelta/SMA3 has a , and already a positive cross. The question is if the indicators can climb back above zero line? If Price breaks above Tenkan Sen, that will be a short term buy signal too.
- In case the correction finally starts, the pull back tgt can be 14,00 +/- area.
I would favour the possibility of a short term bounce. The fundamentals look absolutely devastating for the trend to change on a medium to long basis. Thailand oversupply, Brazil real and Indian sugar subsidy - all negative. Only hope for a sustained long rally is the record short position of funds.