Weekly:
- It is still a heavy bearish trend, but haDelta/SMA3 signals a possible slow down in the bearish momentum. not yet a signal for a pull back.
Daily:
- Yesterday we had the first green Heikin Ashi candle after 30 trading days! The candle still had upper and lower wicks, so we need one more green candle at least to say a correction may finally starts. Price should also cross above Tenkan Sen (12,42) to enter into correction, with a possible target to 13,15-13,50 area.
- It is still a heavy bearish trend, but haDelta/SMA3 signals a possible slow down in the bearish momentum. not yet a signal for a pull back.
Daily:
- Yesterday we had the first green Heikin Ashi candle after 30 trading days! The candle still had upper and lower wicks, so we need one more green candle at least to say a correction may finally starts. Price should also cross above Tenkan Sen (12,42) to enter into correction, with a possible target to 13,15-13,50 area.
