Daily:
- Ichimoku setup looks more bearish with Price below the Kumo, but the possible bearish Kumo break can not be valid, until Price action confirms, so until Price doesn't print a lower low. This also means that for bearish confirmation Chikou Span should break below past Kumo too. The ultimately important uptrend line still holds.
- MACD gives a buy signal
- Heikin Ashi candle today signals hesitation or possible short term bullish move again. haDelta seems to be crossing up, but it is still below zero line
4H:
- Ichimoku setup is rather neutral
- Heikin Ashi is mixed a bit but the signal can turn short term bullish
- All together a confirmed buy signal would come with a break and close above 1210 (Kumo and Kijun Sen). Chikou cross above Price and later above Kumo would give further confirmation.
Now probability for short term higher prices is increasing, but there are still a lot of open questions left (will it really happen, if yes, how high the tgt can be, etc?)
If I had to chose, I'd still buy it here rather than sell. So maybe try to buy small again and keep our eyes open!
- Ichimoku setup looks more bearish with Price below the Kumo, but the possible bearish Kumo break can not be valid, until Price action confirms, so until Price doesn't print a lower low. This also means that for bearish confirmation Chikou Span should break below past Kumo too. The ultimately important uptrend line still holds.
- MACD gives a buy signal
- Heikin Ashi candle today signals hesitation or possible short term bullish move again. haDelta seems to be crossing up, but it is still below zero line
4H:
- Ichimoku setup is rather neutral
- Heikin Ashi is mixed a bit but the signal can turn short term bullish
- All together a confirmed buy signal would come with a break and close above 1210 (Kumo and Kijun Sen). Chikou cross above Price and later above Kumo would give further confirmation.
Now probability for short term higher prices is increasing, but there are still a lot of open questions left (will it really happen, if yes, how high the tgt can be, etc?)
If I had to chose, I'd still buy it here rather than sell. So maybe try to buy small again and keep our eyes open!
