- Trend is bullish, price penetrated downtrendline
- On the other hand Heikin-Ashi signals exhaustion and momentum divergence.
Some consolidation, or a minor pull back to 11830 - 12.050 zone is possible. Please note there is no harm to the trend until market holds above the 26 days avg and the cloud.
Strategy: reduce longs if you have, sell covered calls. If a retracement happens look for a buy signal
- On the other hand Heikin-Ashi signals exhaustion and momentum divergence.
Some consolidation, or a minor pull back to 11830 - 12.050 zone is possible. Please note there is no harm to the trend until market holds above the 26 days avg and the cloud.
Strategy: reduce longs if you have, sell covered calls. If a retracement happens look for a buy signal