As I wrote in my last Twitter note, Crude is making a consolidation just above daily Kijun Sen.
Basically quite neutral on all time frames, but somehow the short term bias still looks slightly more bullish, until it holds above 43.
Weekly:
- Bearish Ichimoku setup still valid. Possible bullish wedge being built.
- Interesting note I read: This is already the longest streak in history, when WTI trades below its 200 days SMA!
- Heikin Ashi shows absolute undecision, consolidation after the massive spike from the lows.
- 49,50-50 is becoming a possible strategic reversal level!
Daily:
- Ichimoku setup is turning to neutral: Chikou Span hits past candles, Price trades between Tenkan and Kijun (above Kijun), Tenkan/Kijun are in weak bullish position, future Kumo shades price.
- Heikin Ashi pattern seems to be a noise here. I don't see problem with holding some longs until Price holds above 43.
- Watch for end Wave 2. If Third wave starts, that can send Price up minimum to the supp/res zone 47,5-49,50.
In case you hold long, or you consider to enter long in dips, you must focus on "43 - buffer" as a stop level.
Basically quite neutral on all time frames, but somehow the short term bias still looks slightly more bullish, until it holds above 43.
Weekly:
- Bearish Ichimoku setup still valid. Possible bullish wedge being built.
- Interesting note I read: This is already the longest streak in history, when WTI trades below its 200 days SMA!
- Heikin Ashi shows absolute undecision, consolidation after the massive spike from the lows.
- 49,50-50 is becoming a possible strategic reversal level!
Daily:
- Ichimoku setup is turning to neutral: Chikou Span hits past candles, Price trades between Tenkan and Kijun (above Kijun), Tenkan/Kijun are in weak bullish position, future Kumo shades price.
- Heikin Ashi pattern seems to be a noise here. I don't see problem with holding some longs until Price holds above 43.
- Watch for end Wave 2. If Third wave starts, that can send Price up minimum to the supp/res zone 47,5-49,50.
In case you hold long, or you consider to enter long in dips, you must focus on "43 - buffer" as a stop level.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.