Get ready for swing long, as bearish momentum drops
Daily:
- Watch Heikin-Ashi candle close today. It may print an inside candle or a doji. haDelta did not make a lower low and crosses above SMA3.
- EWO is still extremely low, may start to bottom.
- Upper bearish supports are: 1,4460 / 1,4740 / 1,4950
4H
- Bearish channel, but price pops from the low
- Heikin-Ashi short term bullish swing, but for a decent pull back we need a confirmed higher low and higher high, and of course break of Ichimoku averages later
- Supports came down to 1,4360 and 1,4445
Strategy: increase size of April +1,4750 / -1,51 Call spreads. Not yet signal for outright buy.
- Watch Heikin-Ashi candle close today. It may print an inside candle or a doji. haDelta did not make a lower low and crosses above SMA3.
- EWO is still extremely low, may start to bottom.
- Upper bearish supports are: 1,4460 / 1,4740 / 1,4950
4H
- Bearish channel, but price pops from the low
- Heikin-Ashi short term bullish swing, but for a decent pull back we need a confirmed higher low and higher high, and of course break of Ichimoku averages later
- Supports came down to 1,4360 and 1,4445
Strategy: increase size of April +1,4750 / -1,51 Call spreads. Not yet signal for outright buy.
