For those who did not follow my 'Twitter only' post yesterday.
- Ichimoku setup still has bearish bias, but the picture is a bit mixed, as we have a weak bullish Tenkan/Kijun cross, but Price is below these averages. - Heikin-Ashi signals loss of swing bearish momentum (see candle, haDelta+ and haOscillator). Market may be building a higher low. - I don't like wave counts, but on this chart the waves look pretty obvious. If price makes a hgher low here, then we can say 5 waves down were completed and A-B-C takes place next, with C target around 49,50-50. - Watch: MACD couldn't cross down below signal line -> consolidation, no bearish resumption. EWO may print a higher low as well. - Short term key level is 45,20.