- Price is at Kumo resistance.
- Forward Kumo structure will support Bulss in the long run, but haDelta started to show loss of shorter term momentum!
- I think we'll see some form of pull back here, before we see next major leg up later this year.
- setup is
- Heikin-Ashi may signal a local top ard resistance
- EWO is , but maybe tops
For clarity: signal is NOT TO GO SHORT, signal is to reduce longs!
If you are an experienced trader and you consider to go counter trend swing short, do it only with small size, and relatively tight stop!
We may see some sideaway consolidation, or a retest to 46, maybe to 44 ,60.