If you missed the first move, no problem, you always have a pullback.
Daily - not much change:
- Ichimoku is still bearish until price stays below 44,15 and 46 key levels. (between 44-46 it would change to neutral)
- Heikin Ashi setup is bullish. Some momentum loss today
- EWO is still red.
On daily it still looks like a bearish setup, but 4H chart shows some more hope for Bulls and warning for bears.
4H:
- Ichimoku is neutral. Price in the Kumo cloud. First breakout failed as mkt got bit overbought. Tenkan/Kijun is meadium bullish.
- As I wrote on Twitter before, Price retested 100WMA, Kumo and later Kijun sen as well. These are supports now and provide a safe risk-reward entry point.
- haDelta is turning up again. Watch for bullish Heikin Ashi signal.
- EWO is bullish.
Inventories data was out not long time ago, and it was in line with exp. Price popped. Recent 4H candle shows failure of bearish move as its body shrinks.
Strategy: Buy more and hold longs. Stop below 41.
Daily - not much change:
- Ichimoku is still bearish until price stays below 44,15 and 46 key levels. (between 44-46 it would change to neutral)
- Heikin Ashi setup is bullish. Some momentum loss today
- EWO is still red.
On daily it still looks like a bearish setup, but 4H chart shows some more hope for Bulls and warning for bears.
4H:
- Ichimoku is neutral. Price in the Kumo cloud. First breakout failed as mkt got bit overbought. Tenkan/Kijun is meadium bullish.
- As I wrote on Twitter before, Price retested 100WMA, Kumo and later Kijun sen as well. These are supports now and provide a safe risk-reward entry point.
- haDelta is turning up again. Watch for bullish Heikin Ashi signal.
- EWO is bullish.
Inventories data was out not long time ago, and it was in line with exp. Price popped. Recent 4H candle shows failure of bearish move as its body shrinks.
Strategy: Buy more and hold longs. Stop below 41.
