Weekly:
- Ichimoku setup is still kind of neutral, with some bullish bias 26 weeks ahead.
- Heikin-Ashi sigbals however shows bullish momentum is out of steam. Candle is a doji with small red body + haDelta/SMA3 turns down. -> this means indecision with some bearish bias, but as SMA3(haDelta) is still above zero and EWO is still green, no big drama... yet
- MACD however is worrying a bit: despite the values are still above zero, it failed to deliver a bullish cross.
Daily:
- Ichimoku setup is still neutral, now with bearish bias due to future Kumo's Senkou A turn down.
- Heikin-Ashi signal is bearish with increased momentum. MAybe short term a bit oversold as Price reached Kijun and haDelta is at a relative low.
- 44,12 should have hold. Now Bulls only have one hope, that market will chill down a bit in 42,75-44,15 range.
It has some chance, as EWO is still not red. But please do not try bottom fishing here! Risk reward of longs is just not good until we have further signal of minimum a consolidation, but rather of a swing reversal.
- Ichimoku setup is still kind of neutral, with some bullish bias 26 weeks ahead.
- Heikin-Ashi sigbals however shows bullish momentum is out of steam. Candle is a doji with small red body + haDelta/SMA3 turns down. -> this means indecision with some bearish bias, but as SMA3(haDelta) is still above zero and EWO is still green, no big drama... yet
- MACD however is worrying a bit: despite the values are still above zero, it failed to deliver a bullish cross.
Daily:
- Ichimoku setup is still neutral, now with bearish bias due to future Kumo's Senkou A turn down.
- Heikin-Ashi signal is bearish with increased momentum. MAybe short term a bit oversold as Price reached Kijun and haDelta is at a relative low.
- 44,12 should have hold. Now Bulls only have one hope, that market will chill down a bit in 42,75-44,15 range.
It has some chance, as EWO is still not red. But please do not try bottom fishing here! Risk reward of longs is just not good until we have further signal of minimum a consolidation, but rather of a swing reversal.
