Weekly: - Ichimoku is bullish, but Price dipped below Kijun Sen (pull back period). Tenkan is still well above Kijun! - Price penetrated steeper trendline twice, but selling faded at 100 wma support - Heikin-Ashi may give a bullish reversal/resumption signal this or next week. Watch candle and haDelta on close (friday) - Weekly upper key is Kijun Sen at 1065. A close back above would open space to 5th bullish wave. - EWO is in bullish territory - MACD signal: consolidation/pull back phase
4H: - Ichimoku is neutral, with a bullish biased forward Kumo cloud. Tenkan and Kijun at same level. - Heikin-Ashi signals a buy. haDelta and haOscillator will only confirm sustainable move if price breaks out of the Kumo on the top side. - Key zone for Bulls is 1043-1052. If we have a close and break above Kumo cloud and trendline, bullish space will open. - EWO could not gain bearish momentum, ticks back to zero.
Comments
Kumowizard
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Both daily and weekly chart is broken. Serious selling pressure on Platinum doesn't ease. I stopped looking for a bottom signal and do not even think to fade this bearish move as I see too much damage to the charts.
Kumowizard
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This trade idea is not valid any more. If I see any change, I will give a new post
Kumowizard
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As posted on Twitter, this swing long was stopped with minor loss