Weekly: - Below Ichimoku cloud! - Bearish Heikin Ashi - EWO decreases again Daily: - Almost a bearish Kumo breakout. Best of Santa was to push it back to neutral Ichimoku... for now. - Price refusing Kijun and horizontal resistance - Heikin-Ashi hesitation, can turn bearish again -> haDelta lost power - EWO still shows bearish sentiment Short term may keep...
Finished the B-leg in 3 waves C-Leg down in 5 waves Target 2600
Daily: - Ichimoku still bullish biased, but for continuation price should make a higher high above 3500 - After the spike, Heikin-Ashi started to signal loss of momentum and undecision again. Right now it looks like price fails to gain more moentum to reach at least 3525 trendline support in this wave. haDelta will be a question at zero line! This is not too...
First of all pls note that I added EWO (Elliot Wave Oscillator) to may charts, to be consistent with my Twitter posts, where I use this indicator to confirm trend bias and waves. Weekly - Neutral, with bearish bias - The long term Head and Shoulders pattern building is still possible, but Price shot higher into the Kumo during last 3 weeks, so the pattern would...
Eurostoxx50 had a decent counter trend / bear mkt rally (short squeeze?), but picture here is a lot different than in SP500. Actually this index is still very weak! Please see my SPX and my previous long term STOXX50 posts! Daily: - Ichimoku setup is neutral, with a thick Kumo ahead of price, and with Chikou Span at past candles. Market has had a high level of...
It takes extremely long time to develope such a pattern on a weekly chart. But when it is confirmed, it will have a very serious consequence. Weekly: - Bearish Ichimoku setup, but not strategic bearish until clearing previous low of 3000. In fact I think this market is building a huge bearish Head and Shoulders pattern. I think we still have 3-4 months to finish...
Weekly: - Ichimoku turns firm bearish! Price continues to drop below the Kumo. Chikou Span may give confirmation signal soon by crossing below past Kumo. - Heikin Ashi is increasingly bearish. After minor consolidation for 2 weeks, we have a firm bearish signal: red candle without upper wick + haDelta/SMA3 bearish cross below zero line. Daily: - Ichimoku setup is...
Short term bullish idea worked yesterday, but later price action faded after briefly touching 3290 resistance. By now it is back to neutral. - 4H Ichimoku setup is absolutely neutral: Price, Tenkan and Kijun all within Kumo, Chikou hit past candles. Price trades around equilibrium (Kijun Sen) (0) - There is some possible short term bullish trend bias, and a...
Daily: - Ichimoku setup is bearish, with key suppport ard 3330-3340. However this index is quite volatile, can move very agressively, it easily penetrates and crosses averages. - Heikin Ashi seemed bearish agaon for last two days, but again, there was no lower low yesterday. Bearish momentum disappeared, candle turned bullish again, while haDelta/SMA3 tries to...
Weekly: - Bullish Ichimoku setup, Price back above Kijun Sen, but could not yet make a higher high this week, and candle body close is ard the level of the last green candle's close. So the momentum has lost a little bit by the end of the week. - Heikin Ashi is bullish, but for continuation haDelta shd make a decisive cross above SMA3 next week. Daily: - Bullish...
... then the European recovery can go further on. Which also means that with ECB still printing money, while there is absolutely no deflationary threath (there has never been really IMHO!) European stocks will shoot higher again and will perform a lot better relative to US stocks. It is clear that the risk picture is already changing. Weekly: - Ichimoku setup is...
Weekly: - Not surprising, Ichimoku setup is still bullish. - Heikin Ashi weekly signal is bullish again, haDelta/SMA3 going higher, try to get above zero line. Daily: - Neutral Ichimoku setup, with very volatile trading in the Kumo. Both Kijun and below that Tenkan acted as good support yesterday and today. Lowest level was at Tenkan Sen, Price closed above Kijun...
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Eurostoxx 50 Daily Bullish Cypher/ Gartley Pattern This is a little late, but there is a bullish gartley/ bat pattern on the Eurostoxx50 While I am actually short and longer term bearish based on the monthly chart, there could be a short term opportunity to trade it back up to around 3715 without too much trouble I will not be taking this trade as it is too late...
- After three days drop Price started to consolidate a bit around Tenkan Sen and Kijun Sen. It even tried to break back above these averages, but both yesterday and so far today the Bulls fail to get back in control. -> This means Ichimoku setup is slowly turning neutral: with next leg down we could have a weak Tenkan/Kijun bearish cross, Chikou Span also hits...
Euro Stoxx 50 Monthly Bearish Gartley/ Wave 5 fib cluster Monthly bar not closed yet, but if it closes where it is I will be selling any break below the April monthly range or hunting for shorter term shorts
Weekly: - Strong bullish trend, but looks a bit overbought, Price far above equilibrium level - Weekly Tenkan Sen is first support ard 3600 Daiy: - Ichimoku setup to remain bullish, but the repositionned wedge trend line may be broken today. - heikin Ashi signal: doji, doji, red. haDelta/SMA3 below zero line now, Oscillator turns red. Pull back to 3700 or maybe...
Daily: - the broken wedge was retested yesterday and today, but so far price could not make a higher high - Heikin Ashi candles signal some undecision (not yet bearish), haDelta may cross below SMA3. It can be a sign for diminishing bullish power. 4H: - Price popped up again after retesting the Kumo. - DMI and Heikin Ashi signal turns short term bearish again,...