Weekly:
- No change in Ichimoku: bullish until price holds above Kijun (2091), but momentum is a question as without new high Chikou can lose open. Note that weekly price has been below Tenkan Sen (9 weeks avg) for the third week in a row.
- Bearish wedge bottom is in danger! Should it break down, quick dip expected to 2070-2090. Next supp/res below is 1970-2000.
- Heikin-Ashi shows indecision
- MACD points down but above zero: consolidating, sideaway mkt
Daily:
- Ichimoku switches to bearish bias as Price failed to get back above Kijun and is trading below Kumo cloud now. Watch Chikou Span, which is about to drop below past candles -> further bearish. However as you see Chikou has a deep past Kumo below, which clearly marks next Supp/Res level at 2091. Magic! :-) in line with weekly level!
- As I wrote on Twitter yesterday: Red is red. Heikin-Ashi gave a sell signal. If price breaks below 2128, bearish momentum will accelerate to target 2091. A break below 2028 would also mean further Heikin-Ashi signal confirmation in DM_Oscillator.
- EWO is red too.
Strategy: 1 unit size short, stop at 2160. First target 2091, second target 2071. Add to shorts if 2128 is gone, and trail stop for full position.
- No change in Ichimoku: bullish until price holds above Kijun (2091), but momentum is a question as without new high Chikou can lose open. Note that weekly price has been below Tenkan Sen (9 weeks avg) for the third week in a row.
- Bearish wedge bottom is in danger! Should it break down, quick dip expected to 2070-2090. Next supp/res below is 1970-2000.
- Heikin-Ashi shows indecision
- MACD points down but above zero: consolidating, sideaway mkt
Daily:
- Ichimoku switches to bearish bias as Price failed to get back above Kijun and is trading below Kumo cloud now. Watch Chikou Span, which is about to drop below past candles -> further bearish. However as you see Chikou has a deep past Kumo below, which clearly marks next Supp/Res level at 2091. Magic! :-) in line with weekly level!
- As I wrote on Twitter yesterday: Red is red. Heikin-Ashi gave a sell signal. If price breaks below 2128, bearish momentum will accelerate to target 2091. A break below 2028 would also mean further Heikin-Ashi signal confirmation in DM_Oscillator.
- EWO is red too.
Strategy: 1 unit size short, stop at 2160. First target 2091, second target 2071. Add to shorts if 2128 is gone, and trail stop for full position.
