- The move is similar to 10 year, but due to curve steepening 5 year Note suffered a bit less.
- The big trend and Ichimoku setup is absolutely bearish, BUT:
- Price has dropped far far below equilibrium of appr. 120, marked by Senkou B and Kijun.
- Price reached a huge major support/resistance line yesterday, which has stopped bears two times precisely in last...
1) Long term trend is up given by the 89 day sma over the 89 day week sma.
2) Recent price action has created a great opportunity to trade with the trend!
3) Spike in volume!
4) Fractal Momentum has reached a maximum negative.
5) Fractal acceleration has turned positive.
One could buy the futures contract or sell a put option.
Futures trading involves risk of...
Long term trend up indicated by the 89 day simple moving average over the 89 week moving average.
Short term price action creating a great trading opportunity to go with the trend.
Fractal momentum is reaching a maximum to the negative.
Fractal acceleration is about to turn positive.
We are waiting and watching for entry signal.
Weekly:
- Ichimoku setup still has bullish bias
- Pull back within a wide range. Price at Kijun Sen support.
- No trend, but maybe a huge rounded base has been built in last 3 years.
Daily:
- Ichimoku setup is neutral: price back to Kumo, below Tenkan and Kijun, Tenkan is still above Kijun though!
A break above Tenkan would accelerate buying again.
- Heikin-Ashi...
Weekly:
- 2-3 weeks ago there was an attempt for a bullish weekly Kumo breakout. However for a valid Kumo break Price always needs to close above previous key supp/res, which in this case failed at 121 last week.
- Last week's candle was a long wicked doji, this week we saw further selling pressure and Price dipped back into the Kumo. Chikou Span is down to Price...
Daily (regular candlesticks): The main picture is bullish, but we looks like a Dark Cloud cover, which actually happened close to the bullish channel top. Slow Stoch is about to give a sell signal too.
Let's see how it looks with modified candles:
Daily (Heiken Ashi candles): On the day of the possible Dark Cloud Cover pattern the Heiken Ashi candle was still...
