Weekly:
- Ichimoku is bullish, but Price dipped below Kijun Sen (pull back period). Tenkan is still well above Kijun!
- Price penetrated steeper trendline twice, but selling faded at 100 wma support
- Heikin-Ashi may give a bullish reversal/resumption signal this or next week. Watch candle and haDelta on close (friday)
- Weekly upper key is Kijun Sen at 1065. A close back above would open space to 5th bullish wave.
- EWO is in bullish territory
- MACD signal: consolidation/pull back phase
4H:
- Ichimoku is neutral, with a bullish biased forward Kumo cloud. Tenkan and Kijun at same level.
- Heikin-Ashi signals a buy. haDelta and haOscillator will only confirm sustainable move if price breaks out of the Kumo on the top side.
- Key zone for Bulls is 1043-1052. If we have a close and break above Kumo cloud and trendline, bullish space will open.
- EWO could not gain bearish momentum, ticks back to zero.
- Ichimoku is bullish, but Price dipped below Kijun Sen (pull back period). Tenkan is still well above Kijun!
- Price penetrated steeper trendline twice, but selling faded at 100 wma support
- Heikin-Ashi may give a bullish reversal/resumption signal this or next week. Watch candle and haDelta on close (friday)
- Weekly upper key is Kijun Sen at 1065. A close back above would open space to 5th bullish wave.
- EWO is in bullish territory
- MACD signal: consolidation/pull back phase
4H:
- Ichimoku is neutral, with a bullish biased forward Kumo cloud. Tenkan and Kijun at same level.
- Heikin-Ashi signals a buy. haDelta and haOscillator will only confirm sustainable move if price breaks out of the Kumo on the top side.
- Key zone for Bulls is 1043-1052. If we have a close and break above Kumo cloud and trendline, bullish space will open.
- EWO could not gain bearish momentum, ticks back to zero.