Daily:
- Bullish Ichimoku setup, but Price got too far above equilibrium (Kijun and Senkou B). It is even a bit far above Tenkan.
- haDelta already signals bearish divergence! HA candle may sugnal a possible pull back today.
- EWO hit extreme high, seems unable to get above, while Price moved even higher. This is also a negative divergence
4H:
- Ichimoku is bullish, but price could not make a higher high today, steeper trendline was penetrated and retested, but price is unable to get back above Tenkan.
- haDelta has developed a massive bearish divergnece
- Heikin-Ashi candle had its try, but looks like turning bearish again. Please not haDelta dips below zero!
- EWO: bullish, but negative divergnce.
Supports and possible retracement targtes: 44 is easy to reach. Below that we have 43+ and most importantly 41-42 zone as stronger supp/res (in line with daily).
Market will likely remain bullish, we can start looking at buy signals ard 41-42 support, but now a pull back has high probablity!
- Bullish Ichimoku setup, but Price got too far above equilibrium (Kijun and Senkou B). It is even a bit far above Tenkan.
- haDelta already signals bearish divergence! HA candle may sugnal a possible pull back today.
- EWO hit extreme high, seems unable to get above, while Price moved even higher. This is also a negative divergence
4H:
- Ichimoku is bullish, but price could not make a higher high today, steeper trendline was penetrated and retested, but price is unable to get back above Tenkan.
- haDelta has developed a massive bearish divergnece
- Heikin-Ashi candle had its try, but looks like turning bearish again. Please not haDelta dips below zero!
- EWO: bullish, but negative divergnce.
Supports and possible retracement targtes: 44 is easy to reach. Below that we have 43+ and most importantly 41-42 zone as stronger supp/res (in line with daily).
Market will likely remain bullish, we can start looking at buy signals ard 41-42 support, but now a pull back has high probablity!