Weekly:
- Still looks like a double top.
- Ichimoku is bullish, but Pprice is still very far above its equilibrium. Should consolidate or pull back more.
- Heikin-Ashi shows consolidation. This week haDelta will be important. If crosses down at zero, then bearish.
- EWO is bullish, with decreasing momentum. MACD also shows consolidation.
Daily:
- Ichimoku has bearish bias.
- Heikin-Ashi shows indecision, consolidation below Kijun Sen. Price action may turn bearish again if haDelta and DM_Oscillator dip below zero levels.
- EWO is bearish
- Watch the possible bear flag: selling pressure would increase below 6765.
- In case market trades higher first to/above 6910, but reverses down from Kijun and Kumo later, then we can also have a Head & Shoulders pattern.
In case FTSE-100 delivers a clear sell signal and market continues bearish on the daily, first target will be around 6400-6450, second target at 6200.
- Still looks like a double top.
- Ichimoku is bullish, but Pprice is still very far above its equilibrium. Should consolidate or pull back more.
- Heikin-Ashi shows consolidation. This week haDelta will be important. If crosses down at zero, then bearish.
- EWO is bullish, with decreasing momentum. MACD also shows consolidation.
Daily:
- Ichimoku has bearish bias.
- Heikin-Ashi shows indecision, consolidation below Kijun Sen. Price action may turn bearish again if haDelta and DM_Oscillator dip below zero levels.
- EWO is bearish
- Watch the possible bear flag: selling pressure would increase below 6765.
- In case market trades higher first to/above 6910, but reverses down from Kijun and Kumo later, then we can also have a Head & Shoulders pattern.
In case FTSE-100 delivers a clear sell signal and market continues bearish on the daily, first target will be around 6400-6450, second target at 6200.
