In addition to my yesterday post (link below), let's see the details on the lower, 4H time frame.
- Price is in a range 1188 - 1210, and also trades within a tightenning triangle. Ichimoku setup is neutral: price is swinging around Kumo, Chikou Span is at past candles, all average lines stay together determining a short term equilibrium price of appr. 1201.
- DMI/ADX has no signal. Market is not trending short term.
- Heikin Ashi signal has some bullish bias now, but candles are changing too often. Picture is neutral
- levels to watch: upper side is 1210 / lower side is 1188.
It will be a firm buy above 1210 or a sell below 1188. Based on my yesterday analyses, I still have a feeling that the bullish bias is a little bit stronger and may end in an upside break. Anyhow, before the break happens, do not take too big bets!
- Price is in a range 1188 - 1210, and also trades within a tightenning triangle. Ichimoku setup is neutral: price is swinging around Kumo, Chikou Span is at past candles, all average lines stay together determining a short term equilibrium price of appr. 1201.
- DMI/ADX has no signal. Market is not trending short term.
- Heikin Ashi signal has some bullish bias now, but candles are changing too often. Picture is neutral
- levels to watch: upper side is 1210 / lower side is 1188.
It will be a firm buy above 1210 or a sell below 1188. Based on my yesterday analyses, I still have a feeling that the bullish bias is a little bit stronger and may end in an upside break. Anyhow, before the break happens, do not take too big bets!
