Just look at the weekly chart how it used to behave! Compared to past, Cotton's is extremely supressed. Not surprizing, as it has been trading around the 63 perfect equilibrium for more than 16 months now! Certanly it will be more interesting next year!
- Perfect equilibrium of 63 is reoeresented by thin Kumo lines ahead. Price has been trading in a slowly tightenning range since Aug/2014! Ichimou setup just could not be more neutral then this!
- EWO has built an extremely long term , right now stays around zero!
- Heikin Ashi is
- Still multiple resistances above at 65 and 66
- is .
- Heikin-Ashi shows correction. Price should fins support around Kijun sen or Kumo (62,50-63,25 area) where selling should ease. You can look for buy signals in that range.
For now it is still a tick-tock buy the dips in small sizes. The game and the big long would come with a break above 65 and more above 66!