Kumowizard

Breakout, or only a bull trap?

FX:NAS100   US 100 Cash CFD
8
I think we'll have the clear answer either today or tomorrow, but I still see high chance that we are experiencing a Bull trap here.

Daily looks ok, but I see some problem on 4H:
- haDelta/SMA3 momentum failure. Market tried to break higher, but the action quickly faded.
- Heikin-Ashi candle is bearish again, price may test trendline and Kijun.
- EWO negative divergence still persists

Lower key supp. levels on 4H to watch for a swing sell setup:
- Trendline, Senkou B and Kijun Sen: 4505-4510
- 100WMA: 4482 = Daily Tenkan Sen: 4482

Be patient, and keep your eyes open!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.