WTI update - Bearish trendline penetration
- Simply looks more and more bullish, as Price penetrated today the major bearish trendline and 100 days WMA.
- Weekly Heikin Ashi setup looks bullish (still 3 days to go until close)
- However the trendline has to be broken with a close above, and also weekly Kijun at 50,15 and thick daily Kumo with 49,60 top may be some headwind for bulls.
- Bullish Senkou Span cross 26 days ahead is firm now.
Try to buy any dips. you can use 4H time frame to have a closer look on short term supports.
IMPORTANT NOTE: lower supp/res moved higher too, as minor bullish trendline and Kijun value increased. Now appr at 44,50 +/-!
- Weekly Heikin Ashi setup looks bullish (still 3 days to go until close)
- However the trendline has to be broken with a close above, and also weekly Kijun at 50,15 and thick daily Kumo with 49,60 top may be some headwind for bulls.
- Bullish Senkou Span cross 26 days ahead is firm now.
Try to buy any dips. you can use 4H time frame to have a closer look on short term supports.
IMPORTANT NOTE: lower supp/res moved higher too, as minor bullish trendline and Kijun value increased. Now appr at 44,50 +/-!
