If 347-350 holds... decision time soon: key 372+
Weekly:
- Range extremely tight now! Major bearish tremdline on top side ard 372, horizontal resistance and possible bullish channel on the lower side ard 345-350
- If price breaks above 372, we could see a big short squeeze
- Heikin-Ashi shows undecision, but with positive divergnece in weekly haDelta
Daily:
- Spike again from key resistance of 347-350, but Ichimoku setup is still bearish.
- Trendline, Kijun, Kumo and 100 WMA has to be broken for further gains. However if Price breaks 368-372, that will be a very strong indication for more Bullish action, in line with the weekly chart! It would be similar to the one we saw last July!
- Heikin Ashi early signal for reversal
Strategy: Hold small long, and do not be shy to leverage up bullish position if you see 372 breaking!
- Range extremely tight now! Major bearish tremdline on top side ard 372, horizontal resistance and possible bullish channel on the lower side ard 345-350
- If price breaks above 372, we could see a big short squeeze
- Heikin-Ashi shows undecision, but with positive divergnece in weekly haDelta
Daily:
- Spike again from key resistance of 347-350, but Ichimoku setup is still bearish.
- Trendline, Kijun, Kumo and 100 WMA has to be broken for further gains. However if Price breaks 368-372, that will be a very strong indication for more Bullish action, in line with the weekly chart! It would be similar to the one we saw last July!
- Heikin Ashi early signal for reversal
Strategy: Hold small long, and do not be shy to leverage up bullish position if you see 372 breaking!
