Kumowizard
Short

From warning signals to more bearish signals

FX:USOIL   Crude Oil (WTI)
202 0 9
We've had quite some warning signals already during last 1-2 weeks in form of haDelta negative divergence.

We also saw Oil             ccys ( NOK             and CAD) not participating really in the underlying Oil             euphoria -> ccy underperfomance

Now we have more and more bearish signals.

Weekly:
- Price remains in the spot Kumo -> neutral. About long term Ichimoku setup and possible patterns pls             read my previous post
- Heikin-Ashi candle and haDelta gives a clear bearish signal

Daily:
- Heikin-Ashi signal has been clearly bearish for last 5 days.
- Price is about to break the wedge!
- Price is below Kijun Sen --> this may trigger further stops
- EWO             down to zero

Obviously we don't know how deep the correction can and will go. For major supports we have to watch the weekly chart.
44             ,50 shd             be the first tgt             based on weekly Tenkan, Senkou B and daily 100wma and Senkou B. In case of a break below 44             ,50, daily chart will turn bearish from neutral, and space opens to 39-40 (weekly Kijun)
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