Don't be bearish when there's a bullish break attempt!
Weekly setup in WTI has improved:
- Heikin-Ashi signal is bullish. haDelta+ and haOscillatos bullish cross confirms momentum strength
- Ichimoku is neutral with bullish bias (medium strong Tenkan/Kijun cross in Kumo), and price attempts a bullish Kumo breakout. However for a sustained bullish breakout we'd need more confirmation in next few weeks. Next upper key is 53.
- EWO ticks up into bullish territory.
I don't know if it will really start a strategic bullish move, or just stays in a wider range of 45-53, but right now it is defenately not bearish! It is a buy dips setup, until price holds above 47.
- Heikin-Ashi signal is bullish. haDelta+ and haOscillatos bullish cross confirms momentum strength
- Ichimoku is neutral with bullish bias (medium strong Tenkan/Kijun cross in Kumo), and price attempts a bullish Kumo breakout. However for a sustained bullish breakout we'd need more confirmation in next few weeks. Next upper key is 53.
- EWO ticks up into bullish territory.
I don't know if it will really start a strategic bullish move, or just stays in a wider range of 45-53, but right now it is defenately not bearish! It is a buy dips setup, until price holds above 47.