VSTOXX (Stoxx50 volatility index) is currently flirting with 4 months low level. STOXX 50 already started by touching top line of Bollinger band (20 days, 2 std dev). Comparing with S&P 500 and VIX (SP500 volatility index), we would also see +/- the same thing. Just be ready next week. Expecting at least 3% correction on STOXX50 in one of the days next week, as...
Weekly: - Trend and Ichimoku setup is bearish. Key levels: 3100 / 3200-3250 - Heikin-Ashi candle and haDelta/SMA3 suggests a bullish price reversal is happening now - EWO is bearish but value is less negative (ticking higher) Daily: - Ichimoku setup is turning bullish from neutral. Price made a decent dip in the Kumo, but could not deliver a bearish break. In...
Weekly: - Ichimoku Setup is bearish. Kijun refused 2 and 3 weeks ago. - HA candles turned bearish. Acceleration expected below Tenkan (below 2900 spot) - EWO has an important message: BEARISH! More important message: 1st and 3rd bearish wave was in. 5th is likely still ahead of us! - Risk for bears: while it looks bearish now and it is prudent to sell and keep...
overextended in a sweeping downtrend to uptrend move, decent area of reaction, good for a quick daily trade
Don't do trend trading much anymore but getting into this for a short possibly down to 2650 or so
When you have mixed and opposite signals in any instrument's longer and short term time frames, then you cen get confused. As my Heikin-Ashi mentor says, in these cases (of mixed signals between weekly and daily time frames) consolidation is likely to happen. What I have to add is I always consider the longer time frame to be more powerful, relevant over the short...
The support line on the downtrend was broken towards the end of February, and we are currently seeing a rally after the pullback. Perfection of the black trend line crossing the triangle from the cypher. If this rally continues to 3178 then we will have a cypher pattern completion and could go short. Profit targets indicated by the green boxes. Stop loss...
bearish trend short from current position
When I mark this post as "SHORT", it doesn't mean to rush and sell now! It simply means we are in a confirmed bear market, which will be very volatile, and may provide some better short entries on bear market rallies. Weekly: - Bearish Ichimoku setup. Optimal sell area is ard Tenkan and Kijun: 2293 - 3093 zone. - Heikin-Ashi calls for caution. Candle is still...
My long term view on Eurostoxx 50, (which is basically mirroring my view on many worldwide indices) As per my previous posts on the Eurostoxx 50 index here: I was shorting around 3780 looking for an 3 wave ABC retracement - which is near complete now... There is a MAJOR fibonacci level around 2670 - 2630 comprising of: - 61.8% retracement of the 2011 low and...
Guys, this broader European equity index is sick! Weekly: - Bearish Ichimoku setup!!! - Price action showed some correction in last few weeks, but momentum is extremely weak! Price could not move back above Kijun and into neutral Kumo zone. Smoothed haDelta still below zero line! - EWO is bearish! Daily: - Year end saved by a neutral Ichimoku picture as Bulls...