Kumowizard
Short

US 5Y T-Note pull back or consolidation is possible

CBOT:ZFH2015   5 YEAR T-NOTE FUTURES - ECBT
41 1 0
Daily (regular candlesticks): The main picture is bullish , but we looks like a Dark Cloud cover, which actually happened close to the bullish channel top. Slow Stoch is about to give a sell signal too.

Let's see how it looks with modified candles:

Daily (Heiken Ashi candles): On the day of the possible Dark Cloud Cover pattern the Heiken Ashi candle was still green, with no lower wick, so showed bullish bias. However haDelta aready crossed below its SMA3 line. How does it look like now? The recent candle is a doji, and haDelta is deeper below its SMA3 line. There is also a minor short term negative divergence in haDelta. This most likely indicates a consolidation or a pull back in the trend. The pull back target can be either the Kijun Sen, or maybe deeper to the Kumo. In case you open a swing short, you need to place stop loss slightly above recent top (121,50), and tgt             between 119,50-119,80.
More bearish confirmation:

- Daily Heiken Ashi candles printing red, haDelta and its SMA3 both under zero line now.
- On lower time frame (4 Hrs) we may see a confirmed bearih Kumo breakout soon. ROC indicators confirmed bearish as well.

Further drop in price expected.
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