- with supportat 281,75. Price move is too sharp, price is far above Kijun Sen and Senkou B! (bit overbought)
- Price reached strong at 290+
- Heikin-Ashi candle is , but haDelta and DMO has warning signals: cross down after an extreme high print. This is initial signal of momentum loss. Market should start consolidation / pull back within few days.
- EWO and are
- Heikin-Ashi signals is more , but DMO is building negative divergence
- EWO is , but decreasing: negative divergence
- A possible wedge: if price can't make a higher high today, then divergences will put pressure on market, and a break below Tenkan and the (289-289,50) can accelerate profit taking down to 283-285 area.
For now profit taking on longs is highly recommended!
Also watch for a swing short -> key level is 289,50