e room within the daily triangle is getting extremely tight. That means quite soon we'll see a breakout. Let's see the -bearish and bullish arguments.
Weekly:
- Ichimoku is neutral, with some bearish bias: a thick Kumo cloud shades price ahead. Price is below Kijun and Tenkan/Kijun has been weak bearish for a while.
- Heikin-Ashi is absolutely neutral: we had 5 doji weekly candles in a row. haDelta/SMA is stuck ard zero line.
- Lower key zone is 9,16-9,22 (horizontal line, 100WMA and Senkou B), upper key level is 9,40-9,42 (Kijun)
- EWO has seom bearish bias
- In case price can't break bck above 9,42, we may have a H&S like pattern development in progress. Obviously this idea
would be valid only with a brek below the potential neckline 9,15. Below that we still have 8,90-9,00 resistance the major trendline to fight with.
Daily:
- Ichimoku setup is neutral with bearish bias. We also have a medium strong bearish Tenkan/Kijun cross!
- Price is stuck in a triangle. The pattern is pretty much similar to the one we've seen in March-April.
First key is 9,25! If price breaks below the bullish trendline, we can have a leg down to 9,10-15
Upper key levels are: 9,35 / 9,40
- Heikin-Ashi is neutral
- EWO has bearish bias
I prefer to hold small short, with max stop at 9,42.
Weekly:
- Ichimoku is neutral, with some bearish bias: a thick Kumo cloud shades price ahead. Price is below Kijun and Tenkan/Kijun has been weak bearish for a while.
- Heikin-Ashi is absolutely neutral: we had 5 doji weekly candles in a row. haDelta/SMA is stuck ard zero line.
- Lower key zone is 9,16-9,22 (horizontal line, 100WMA and Senkou B), upper key level is 9,40-9,42 (Kijun)
- EWO has seom bearish bias
- In case price can't break bck above 9,42, we may have a H&S like pattern development in progress. Obviously this idea
would be valid only with a brek below the potential neckline 9,15. Below that we still have 8,90-9,00 resistance the major trendline to fight with.
Daily:
- Ichimoku setup is neutral with bearish bias. We also have a medium strong bearish Tenkan/Kijun cross!
- Price is stuck in a triangle. The pattern is pretty much similar to the one we've seen in March-April.
First key is 9,25! If price breaks below the bullish trendline, we can have a leg down to 9,10-15
Upper key levels are: 9,35 / 9,40
- Heikin-Ashi is neutral
- EWO has bearish bias
I prefer to hold small short, with max stop at 9,42.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.