Only question is if we see a one way straight collapse again, or some choppy pull back making a Head and Shoulders as it happened in Nasdaq too?
Daily:
- Price break back below Kijun would mean further bearish indication
- Heikin-Ashi has clear bearish bias with haDelta/SMA3 below zero
- EWO decreasing, negative divergence I already pointed out last week.
4H
- Bearish Ichimoku setup. Short term support area (sell zone) is 2069-2078. Price is just enterring it. Use this zone to add to shorts, or sell when you see a proper Heikin-Ashi signal. haDelta already signals some weakness.
- Next stop is possible 2040, which is also the neckline of possible daily Head and Shoulders. I'd expect some buying/short covering there.
- EWO is heavy bearish.
Initial Stop for swing shorts shd be at 2086
Daily:
- Price break back below Kijun would mean further bearish indication
- Heikin-Ashi has clear bearish bias with haDelta/SMA3 below zero
- EWO decreasing, negative divergence I already pointed out last week.
4H
- Bearish Ichimoku setup. Short term support area (sell zone) is 2069-2078. Price is just enterring it. Use this zone to add to shorts, or sell when you see a proper Heikin-Ashi signal. haDelta already signals some weakness.
- Next stop is possible 2040, which is also the neckline of possible daily Head and Shoulders. I'd expect some buying/short covering there.
- EWO is heavy bearish.
Initial Stop for swing shorts shd be at 2086
