Daily:
- Ichimoku setup is bearish, with key suppport ard 3330-3340. However this index is quite volatile, can move very agressively, it easily penetrates and crosses averages.
- Heikin Ashi seemed bearish agaon for last two days, but again, there was no lower low yesterday. Bearish momentum disappeared, candle turned bullish again, while haDelta/SMA3 tries to cross back up above zero line again. (short term more bullish biased)
- In fact we see a choppy consolidation after the huge panic selloff. In case ECB goes dovish today, Price may retest to 3335... and who knows... maybe even higher, but it's way too early to discuss this possibility.
4H:
- Price moved back into the Kumo, Chikou back above past candles. Tenkan Kijun and Senkou lines stay all together, so Ichimoku picture has become absolutely neutral. Would turn to bullish again above 3335 (100 WMA), bearish below 3150.
- Heikin Ashi is short term bullish, but on this lower time frame it can change very quickly.
Let's see what Mr. Draghi delivers to these nervous markets!
China is closed too for two days, so possibly we can see some more "melt-up" in equities in general.
- Ichimoku setup is bearish, with key suppport ard 3330-3340. However this index is quite volatile, can move very agressively, it easily penetrates and crosses averages.
- Heikin Ashi seemed bearish agaon for last two days, but again, there was no lower low yesterday. Bearish momentum disappeared, candle turned bullish again, while haDelta/SMA3 tries to cross back up above zero line again. (short term more bullish biased)
- In fact we see a choppy consolidation after the huge panic selloff. In case ECB goes dovish today, Price may retest to 3335... and who knows... maybe even higher, but it's way too early to discuss this possibility.
4H:
- Price moved back into the Kumo, Chikou back above past candles. Tenkan Kijun and Senkou lines stay all together, so Ichimoku picture has become absolutely neutral. Would turn to bullish again above 3335 (100 WMA), bearish below 3150.
- Heikin Ashi is short term bullish, but on this lower time frame it can change very quickly.
Let's see what Mr. Draghi delivers to these nervous markets!
China is closed too for two days, so possibly we can see some more "melt-up" in equities in general.
