Weekly:
- Ichimoku setup is bearish, but with signs tópointing towards more neutral: weak bullish Tenan/Kijun cross, Price could not make a lower low and still trades at Kijun Sen (9 weeks average)
- Heikin Ashi shows undecision, consolodiation and a possible bullish bias ahead for next weeks: doji like candle with small green body (watch close today), haDelta/SMA3 cross up, with exisiting positive divergence
Daily:
- Ichimoku setup is bearish biased, but for real bearish confirmatio Price should clear 1,0820.
- Heikin Ashi started to show drop in bearish momentum: in case today candle will have an inside body with no lower low, the next candle on monday may bring a reversal signal. It looks like bears don't have enough power to break 1,09. If this will be the case, then there is good chance for a mini inverse H&S pattern to develop, with a neckline ard 1,1120. That is exactly the level of Senkou B, which means a break of 1,1120 could send price up to inv H&S pattern's measured tgt at 1,14, where we also have the major downtrend line.
Please note that this idea of the small inverse Head and Shoulder pattern is just one possibility, with some, but still below 50 % chance. So I can not and do not want to project this move will happen. For now I need to see at least one further Heikin Ashi bullish signal to increase the chance of this scenario and to enter reasonable long with higher probability.
- Ichimoku setup is bearish, but with signs tópointing towards more neutral: weak bullish Tenan/Kijun cross, Price could not make a lower low and still trades at Kijun Sen (9 weeks average)
- Heikin Ashi shows undecision, consolodiation and a possible bullish bias ahead for next weeks: doji like candle with small green body (watch close today), haDelta/SMA3 cross up, with exisiting positive divergence
Daily:
- Ichimoku setup is bearish biased, but for real bearish confirmatio Price should clear 1,0820.
- Heikin Ashi started to show drop in bearish momentum: in case today candle will have an inside body with no lower low, the next candle on monday may bring a reversal signal. It looks like bears don't have enough power to break 1,09. If this will be the case, then there is good chance for a mini inverse H&S pattern to develop, with a neckline ard 1,1120. That is exactly the level of Senkou B, which means a break of 1,1120 could send price up to inv H&S pattern's measured tgt at 1,14, where we also have the major downtrend line.
Please note that this idea of the small inverse Head and Shoulder pattern is just one possibility, with some, but still below 50 % chance. So I can not and do not want to project this move will happen. For now I need to see at least one further Heikin Ashi bullish signal to increase the chance of this scenario and to enter reasonable long with higher probability.
