Daily: - Heikin-Ashi shows a bearish consolidation pattern. - haDelta, DMO and EWO show some positive divergence - MACD fast crossed up above signal line -> consolidation - Bearish support is at 995 (Kijun)
4H: - Ichimoku components started to flatten -> loss of strong bearish momentum, consolidation - Heikin-Ashi is swing bullish now, but price hits Kijun and Kumo. Resistance zone is 939-946. A close above could open space to a swing bullish target area of 975-995. - There is also some chance for a double bottom pattern. - EWO is still below zero, but shows some positive divergence.
Strategy: Reduce shorts, get ready for a swing long.