Weekly:
- Ichimoku setup is neutral (bearish consolidation)
- Heikin Ashi setup is bullish, but price has to fight with weekly Kijun Sen and trend channel top. Will it break or will it dip again?
Daily:
- Very impressive move from a double bottom, price soars above Kumo. Chikou Span also ticked above past Kumo, but price faces some headwind at 1000 resistance.
- Heikin Ashi started to show some slowdown in extreme bullish momentum. The short squeeze rally may take a pause, haDelta started to decrease from extreme high.
- We will see some sideaway consolidation or a pull back to 960-965 support, which I think would be an optimal risk/reward entry for longs.
- Ichimoku setup is neutral (bearish consolidation)
- Heikin Ashi setup is bullish, but price has to fight with weekly Kijun Sen and trend channel top. Will it break or will it dip again?
Daily:
- Very impressive move from a double bottom, price soars above Kumo. Chikou Span also ticked above past Kumo, but price faces some headwind at 1000 resistance.
- Heikin Ashi started to show some slowdown in extreme bullish momentum. The short squeeze rally may take a pause, haDelta started to decrease from extreme high.
- We will see some sideaway consolidation or a pull back to 960-965 support, which I think would be an optimal risk/reward entry for longs.
Related publications
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.
Related publications
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.