Weekly:Neutral. Price inside cloud. We gto 100 wma,Tenkan, Thick cloud supp below and Kijun.RSI did fail near 60 but EWO still green and hadelta still above 0.
Daily:Coming into big supp area. Price again in cloud. Will be choppy actions.Below 200 sma and 100 wma. Hadelta <0. But look at rsi . We got hidden divergence here. Lower low on rsi while no lower low in price. I would watch for reversal sign here. For shorts, We need to break 1975-1990 region.
4H:Bearish. RSI oversold. Stoch approaching oversold. I we do not print lower low here and a reversal candle shows up, we can see higher prices here and who knows we go to 2100 again .Nobody knows whats happening on FOMC. So, dont get too eager yet to short by making assumptions.
Daily:Coming into big supp area. Price again in cloud. Will be choppy actions.Below 200 sma and 100 wma. Hadelta <0. But look at rsi . We got hidden divergence here. Lower low on rsi while no lower low in price. I would watch for reversal sign here. For shorts, We need to break 1975-1990 region.
4H:Bearish. RSI oversold. Stoch approaching oversold. I we do not print lower low here and a reversal candle shows up, we can see higher prices here and who knows we go to 2100 again .Nobody knows whats happening on FOMC. So, dont get too eager yet to short by making assumptions.