I think we'll have the clear answer either today or tomorrow, but I still see high chance that we are experiencing a Bull trap here.
Daily looks ok, but I see some problem on 4H:
- haDelta/SMA3 momentum failure. Market tried to break higher, but the action quickly faded.
- Heikin-Ashi candle is bearish again, price may test trendline and Kijun.
- EWO negative divergence still persists
Lower key supp. levels on 4H to watch for a swing sell setup:
- Trendline, Senkou B and Kijun Sen: 4505-4510
- 100WMA: 4482 = Daily Tenkan Sen: 4482
Be patient, and keep your eyes open!
Daily looks ok, but I see some problem on 4H:
- haDelta/SMA3 momentum failure. Market tried to break higher, but the action quickly faded.
- Heikin-Ashi candle is bearish again, price may test trendline and Kijun.
- EWO negative divergence still persists
Lower key supp. levels on 4H to watch for a swing sell setup:
- Trendline, Senkou B and Kijun Sen: 4505-4510
- 100WMA: 4482 = Daily Tenkan Sen: 4482
Be patient, and keep your eyes open!
