From warning signals to more bearish signals
We've had quite some warning signals already during last 1-2 weeks in form of haDelta negative divergence.
We also saw Oil ccys (NOK and CAD) not participating really in the underlying Oil euphoria -> ccy underperfomance
Now we have more and more bearish signals.
Weekly:
- Price remains in the spot Kumo -> neutral. About long term Ichimoku setup and possible patterns pls read my previous post
- Heikin-Ashi candle and haDelta gives a clear bearish signal
Daily:
- Heikin-Ashi signal has been clearly bearish for last 5 days.
- Price is about to break the wedge!
- Price is below Kijun Sen --> this may trigger further stops
- EWO down to zero
Obviously we don't know how deep the correction can and will go. For major supports we have to watch the weekly chart.
44,50 shd be the first tgt based on weekly Tenkan, Senkou B and daily 100wma and Senkou B. In case of a break below 44,50, daily chart will turn bearish from neutral, and space opens to 39-40 (weekly Kijun)
We also saw Oil ccys (NOK and CAD) not participating really in the underlying Oil euphoria -> ccy underperfomance
Now we have more and more bearish signals.
Weekly:
- Price remains in the spot Kumo -> neutral. About long term Ichimoku setup and possible patterns pls read my previous post
- Heikin-Ashi candle and haDelta gives a clear bearish signal
Daily:
- Heikin-Ashi signal has been clearly bearish for last 5 days.
- Price is about to break the wedge!
- Price is below Kijun Sen --> this may trigger further stops
- EWO down to zero
Obviously we don't know how deep the correction can and will go. For major supports we have to watch the weekly chart.
44,50 shd be the first tgt based on weekly Tenkan, Senkou B and daily 100wma and Senkou B. In case of a break below 44,50, daily chart will turn bearish from neutral, and space opens to 39-40 (weekly Kijun)
