Weekly:
-Ichimoku is neutral
-Prices at Kijun and there is LT trendline coming into play as well
-EWO still below 0
Daily:
-200 sma as first hurdle
-EWO bullish
-Prices out of cloud with bullish kumo twist ahead
4H:
-Trendline resistance
-Wedge like pattern
-Divergence on EWO
-RSI divergence
Rally can stall here for a bit and this is not the best time to initiate longs. I will be watching the PA in coming hours before taking a position here. Will update if i see something
-Ichimoku is neutral
-Prices at Kijun and there is LT trendline coming into play as well
-EWO still below 0
Daily:
-200 sma as first hurdle
-EWO bullish
-Prices out of cloud with bullish kumo twist ahead
4H:
-Trendline resistance
-Wedge like pattern
-Divergence on EWO
-RSI divergence
Rally can stall here for a bit and this is not the best time to initiate longs. I will be watching the PA in coming hours before taking a position here. Will update if i see something
