- Still no trend. Wild swings around Kumo
- Price reached an important support/resistance ard 455-461. Heikin-Ashi shows possible loss of bearish momentum here. haDelta/SMA3 has some minor positive divergence too. We may see some spike higher from here.
- If it is building a long term rounded bottom, is still a question.
- Interesting to see that if we move the lower bullish trendline parallel up to previous peaks, we get a perfect match!
If anything, from here I'd be 1/3 unit long. We need Kijun Sen lower and more clarity in price action to get a reliable buy signal. Right now re-buying it is just a kind of bottom fishing.
- Price reached an important support/resistance ard 455-461. Heikin-Ashi shows possible loss of bearish momentum here. haDelta/SMA3 has some minor positive divergence too. We may see some spike higher from here.
- If it is building a long term rounded bottom, is still a question.
- Interesting to see that if we move the lower bullish trendline parallel up to previous peaks, we get a perfect match!
If anything, from here I'd be 1/3 unit long. We need Kijun Sen lower and more clarity in price action to get a reliable buy signal. Right now re-buying it is just a kind of bottom fishing.
