Weekly:
- Trend is a trend, until its end. Is the end getting closer? Trendline matches Kijun Sen and horizontal key level.
Most important to watch is 32,05!
- Heikin Ashi candle turns red, haDelta crosses down SMA3, the setup is rather bearish again. Question as always is the weekly close, and if Bears can push it down to a lower low later.
Daily:
- Price trades exactly at equilibrium! Kijun Sen and thin future Kumo stays at same level ard 31,35-31,50.
- Heikin Ashi candle turns bullish, haDelta up. Chikou Span close to Price.
Bears really need to make a push soon, or else they can quickly lose control and capitulate. In case Soybean Oil breaks above 32,05 and later above 32,50, then we wil see a trend break and reversal, a confirmed bullish Kumo breakout on the daily chart, with high probability tgt to 35, and lower probability tgt ard 37.
I am watching it for a reversal long trade.
- Trend is a trend, until its end. Is the end getting closer? Trendline matches Kijun Sen and horizontal key level.
Most important to watch is 32,05!
- Heikin Ashi candle turns red, haDelta crosses down SMA3, the setup is rather bearish again. Question as always is the weekly close, and if Bears can push it down to a lower low later.
Daily:
- Price trades exactly at equilibrium! Kijun Sen and thin future Kumo stays at same level ard 31,35-31,50.
- Heikin Ashi candle turns bullish, haDelta up. Chikou Span close to Price.
Bears really need to make a push soon, or else they can quickly lose control and capitulate. In case Soybean Oil breaks above 32,05 and later above 32,50, then we wil see a trend break and reversal, a confirmed bullish Kumo breakout on the daily chart, with high probability tgt to 35, and lower probability tgt ard 37.
I am watching it for a reversal long trade.
