Impressive spike from Tenkan Sen and bottom, one could say, but where is:
- The higher high?
- The momentum? -> haDelta and haOscillator turned higher, but neither of them shows really strong momentum. EWO tells same strory, it still shows divergence
Kijun is also flat. is still in play.
Looks bullish? Hmmm, would you be the next marginal buyer here?
There is no trend without a higher high.
haDelta warning! The stop hunter Algo-rythm may change to test 2180 again.
I think it was a Bull trap. However, would be counter only below 2175-2180 key support.
Please check my other post shown only on Twitter about VIX daily positive divergence!
The structure is going increasingly bearish biased an all 3 time frames (weekly, daily, 4H)
2170 is still the key!!! if thats gone, we'll see the ratrcement to 2105-2120