Buying the positive divergences at the "bottom" again
So what is the risk to buy Wheat here? Not much. The worst that can happen to us is that we get stopped hahaha
Weekly:
- Bearish Ichimoku, but market misses momentum
- Will it be the bottom for 5th (6th?) time since September 2014?
- Heikin-Ashi shows loss of short term bearish momentum, haDelta tries to spike above SMA3 again
haDelta positive divergnece (started in July/2015) still exists
Daily:
- Ichimoku is bearish biased, but no confirmation as Chikou Span (lagging line) could not enter into open space (still at past candles). Supp/res levels are lower now and not too far above Price: 472 and 476. A confirmed bullish reversal on daily would require a break and close above 480.
- A shy Heikin-Ashi "buy signal" at range bottom. Will it start to develop? Looking at haDelta and its positive divergence it has some chance to go higher.
- EWO is still bearish but there is a positive divergence too.
I don't see it as a big risk to buy. And let me show you one more thing as a bonus! --> Volatility is extremely low!!! 14 days ATR (Average True Range) is below 9 cents!!! This is historically a very much suppressed level. The nature of all markets: sooner or later very small candle bodies will be followed by very long ones! (Hope green ones :-) )
Weekly:
- Bearish Ichimoku, but market misses momentum
- Will it be the bottom for 5th (6th?) time since September 2014?
- Heikin-Ashi shows loss of short term bearish momentum, haDelta tries to spike above SMA3 again
haDelta positive divergnece (started in July/2015) still exists
Daily:
- Ichimoku is bearish biased, but no confirmation as Chikou Span (lagging line) could not enter into open space (still at past candles). Supp/res levels are lower now and not too far above Price: 472 and 476. A confirmed bullish reversal on daily would require a break and close above 480.
- A shy Heikin-Ashi "buy signal" at range bottom. Will it start to develop? Looking at haDelta and its positive divergence it has some chance to go higher.
- EWO is still bearish but there is a positive divergence too.
I don't see it as a big risk to buy. And let me show you one more thing as a bonus! --> Volatility is extremely low!!! 14 days ATR (Average True Range) is below 9 cents!!! This is historically a very much suppressed level. The nature of all markets: sooner or later very small candle bodies will be followed by very long ones! (Hope green ones :-) )