Weekly:
- Ichimoku setup has had bearish bias since June. In Aug-Sept we saw first break of inner trendline, followed by stop buys sending price back up to Kijun Sen at 1,50+. As usual, weekly Kijun proved to be quite a strong support, price turned lower in last three weeks.
- Heikin-Ashi signal is bearish. Price is below Tenkan and also below the steeper trendline, but the real lower key will be the less steep trendline and the horizontal resistance zone between 1,44-1,45.
Remember bearish Ichimoku Kumo breakout rule: valid only if price also breaks the previous lower low! This means a break of 1,44 would open space as low as the 1,32-1,35 zone!
- haOscillator is below zero and points down
- EWO turned down again.
- MACD has bearish bias below zero, while also shows short term consolidation. Watch if gives a new bearish cross signal.
Daily:
- Ichimoku setup increasingly bearish: Price isbelow Kumo and Kijun, Tenkan is below Kijun and points down. Forward Senkou A points down and may cross below Senkou B -> get ready for bearish forward Kumo twist. Chikou Span (lagging line) is also below past candles and below past Kumo.
- Heikin-Ashi signals indecision: doji candle so far today, haDelta has chance to cross down, but haOscillator points up (still below zero).
- EWO: bearish bias
- ATR: days average volatility has been decreasing.
Srategy: prefer selling on spikes with stop above 1,4860.
- Ichimoku setup has had bearish bias since June. In Aug-Sept we saw first break of inner trendline, followed by stop buys sending price back up to Kijun Sen at 1,50+. As usual, weekly Kijun proved to be quite a strong support, price turned lower in last three weeks.
- Heikin-Ashi signal is bearish. Price is below Tenkan and also below the steeper trendline, but the real lower key will be the less steep trendline and the horizontal resistance zone between 1,44-1,45.
Remember bearish Ichimoku Kumo breakout rule: valid only if price also breaks the previous lower low! This means a break of 1,44 would open space as low as the 1,32-1,35 zone!
- haOscillator is below zero and points down
- EWO turned down again.
- MACD has bearish bias below zero, while also shows short term consolidation. Watch if gives a new bearish cross signal.
Daily:
- Ichimoku setup increasingly bearish: Price isbelow Kumo and Kijun, Tenkan is below Kijun and points down. Forward Senkou A points down and may cross below Senkou B -> get ready for bearish forward Kumo twist. Chikou Span (lagging line) is also below past candles and below past Kumo.
- Heikin-Ashi signals indecision: doji candle so far today, haDelta has chance to cross down, but haOscillator points up (still below zero).
- EWO: bearish bias
- ATR: days average volatility has been decreasing.
Srategy: prefer selling on spikes with stop above 1,4860.
