Ichimoku has bullish bias, but market misses momentum
- Ichimoku is bullish, but for a confirmed Kumo breakout Price has to clear prev. highs.
- Heikin-Ashi shows some indecision at short term downtrendline. haDelta+ and haOscillator both questions strength of momentum a bit.
Based on Ichimoku I still have bullish bias. But bulls have to clear the 49,95-50,55 resistance zone quickly to make a valid breakout and a higher high, or else price will come under short term pressure. So for now I would not buy anything up here. I would buy either a clear breakout, or look for a buy signal only in case of retest to 47,50-48,00 support.
For the record: I don't have any position in WTI.
- Heikin-Ashi shows some indecision at short term downtrendline. haDelta+ and haOscillator both questions strength of momentum a bit.
Based on Ichimoku I still have bullish bias. But bulls have to clear the 49,95-50,55 resistance zone quickly to make a valid breakout and a higher high, or else price will come under short term pressure. So for now I would not buy anything up here. I would buy either a clear breakout, or look for a buy signal only in case of retest to 47,50-48,00 support.
For the record: I don't have any position in WTI.