Daily: - Bullish Ichimoku with supportat 281,75. Price move is too sharp, price is far above Kijun Sen and Senkou B! (bit overbought) - Price reached strong resistance zone at 290+ - Heikin-Ashi candle is bullish, but haDelta and DMO has warning signals: cross down after an extreme high print. This is initial signal of momentum loss. Market should start consolidation / pull back within few days. - EWO and MACD are bullish
4H: - Bullish Ichimoku - Heikin-Ashi signals is more bullish, but DMO is building negative divergence - EWO is bullish, but decreasing: negative divergence - A possible bearish wedge: if price can't make a higher high today, then divergences will put pressure on market, and a break below Tenkan and the wedge (289-289,50) can accelerate profit taking down to 283-285 area.
For now profit taking on longs is highly recommended! Also watch for a swing short -> key level is 289,50