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

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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out