Tired. Deeper retracement expected after a close below 2257
Weekly:
- Bullish Ichimoku setup with price far above Kijun -> consolidation / pull back should happen
- Heikin-Ashi signals loss of bullish momentum -> inside candle last week with small wicks on both sides, followed by small doji (so far) this week. haDelta and haOscillator seem to turn down below their mid lines.
- MACD and EWO seem to have their local tops too.
Daily:
- Looks like the major wedge top finally blocks bulls, but the annoying consolidation and the strange fractal is still in play.
- Heikin-Ashi has some bearish bias, but momentum is still not strong. I think we need a decisive CLOSE below Kijun Sen at 2257 to see bearish acceleration.
- EWO is still green, but value decreases. Same is true for MACD.
Somehow I have the feeling that bonds and gold price action suggest we'll see some deeper retracement and pick up in volatility soon.
- Bullish Ichimoku setup with price far above Kijun -> consolidation / pull back should happen
- Heikin-Ashi signals loss of bullish momentum -> inside candle last week with small wicks on both sides, followed by small doji (so far) this week. haDelta and haOscillator seem to turn down below their mid lines.
- MACD and EWO seem to have their local tops too.
Daily:
- Looks like the major wedge top finally blocks bulls, but the annoying consolidation and the strange fractal is still in play.
- Heikin-Ashi has some bearish bias, but momentum is still not strong. I think we need a decisive CLOSE below Kijun Sen at 2257 to see bearish acceleration.
- EWO is still green, but value decreases. Same is true for MACD.
Somehow I have the feeling that bonds and gold price action suggest we'll see some deeper retracement and pick up in volatility soon.
