Weekly:
- Ichimoku picture is still long term bearish, with a very thick Kumo ahead. Senkou B is far above Price, but Kijun Sen got very close. Kijun Sen and the horizontal key support together is the first and most important key level to watch
- Green HA candles with longer bodies, close above Tenkan Sen haDelta is further above SMA3, both lines above zero
- Can we see a rounding bottom to develope in next few weeks? Clearly Price should break back above 62-62,50 key level to continue further correction towards 66-68 area
Daily:
- Breaking short term bearish trendline (and wedge formation).
- Price is slightly above Kumo. For a valid bullish Kumo breakout Price needs to clear previous key resistance which is at 62.
- weak bullish Tenkan/Kijun cross, and future Kumo is about to make a bullish Senkou Span swing.
- Chikou Span may cross above Price candles soon, but for further bullish confirmation it should also move above the past Kumo
- HA candles are bullish, but the last one has small body, with slightly decreasing haDelta and SMA3
The picture looks more and more bullish, but we shouldn't be surprised in case of some consolidation or pull back towards 60-60,50 firts, before Price attempts the next break higher.
Strategy: Hold longs, try to add during a pull back when you see next Heiken Ashi bullish wave signal.
- Ichimoku picture is still long term bearish, with a very thick Kumo ahead. Senkou B is far above Price, but Kijun Sen got very close. Kijun Sen and the horizontal key support together is the first and most important key level to watch
- Green HA candles with longer bodies, close above Tenkan Sen haDelta is further above SMA3, both lines above zero
- Can we see a rounding bottom to develope in next few weeks? Clearly Price should break back above 62-62,50 key level to continue further correction towards 66-68 area
Daily:
- Breaking short term bearish trendline (and wedge formation).
- Price is slightly above Kumo. For a valid bullish Kumo breakout Price needs to clear previous key resistance which is at 62.
- weak bullish Tenkan/Kijun cross, and future Kumo is about to make a bullish Senkou Span swing.
- Chikou Span may cross above Price candles soon, but for further bullish confirmation it should also move above the past Kumo
- HA candles are bullish, but the last one has small body, with slightly decreasing haDelta and SMA3
The picture looks more and more bullish, but we shouldn't be surprised in case of some consolidation or pull back towards 60-60,50 firts, before Price attempts the next break higher.
Strategy: Hold longs, try to add during a pull back when you see next Heiken Ashi bullish wave signal.
