Daily: Still in correction mode. Heikin Ashi shows some hesitation. Kijun Sen still has to catch up more, to be able to develope a bigger bearish setup
4H: - Kumo retested - Heikin Ashi shows loss of bullish momentum. Wave may exhaust soon. Get ready for next sell signal and dip!
Pls note that given daily setup, in case we can't see a lower low below 2070 on 4H, then we'll likely have to finish trading counter trend shorts.
Comments
ErwinHijlkema
⋅
Hi, if I understand correctly we didn't see the lower low below 2070 on 4H. So does this mean it's not wise to trade the short further?
Kumowizard
⋅
well, yes there is some lack of bearish momentum, I still don't know which way it will go. It is still ok to hold the shorts, but trail your stop.
There is chance we can see more sideaway moves between 2065-2105, before Kijun and Kumo catches up to price again.