- As price has been moving sideaway, Ichimoku is turning a bit more neutral from bearish
- Trading in a range, with some short term minor bullish bias now
- Improvements: candle may finally close above Kijun Sen, while haOscillator moves higher above delta. Chikou Span crosses above past candles (weak bullish Chikou/price cross), still needs some momentum to launch it into open space
- EWO is red, slowly ticks higher.
- Key levels: 405+ and 418+. In case buyers gain momentum and break these levels, first target comes as 445.
Strategy: maximum half size long is recommended until further bullish signals. Be careful with longs, as this is pretty much a bottom fishing idea for now.
- Trading in a range, with some short term minor bullish bias now
- Improvements: candle may finally close above Kijun Sen, while haOscillator moves higher above delta. Chikou Span crosses above past candles (weak bullish Chikou/price cross), still needs some momentum to launch it into open space
- EWO is red, slowly ticks higher.
- Key levels: 405+ and 418+. In case buyers gain momentum and break these levels, first target comes as 445.
Strategy: maximum half size long is recommended until further bullish signals. Be careful with longs, as this is pretty much a bottom fishing idea for now.
