EUSTOXX50 - Top consolidation or pull back to 3200-3250 support
Daily:
- Ichimoku setup is long term bullish
- Yesterday Heken Ashi inside candle, today is a doji candle so far -> top consolidation or signal for a pull back
- haDelta cross below SMA3 -> top consolidation or pull back
- Oscillator is still bullish
4 Hrs:
- Bullish Ichimoku setup with a thick Kumo ahead
- Short term bullish support is 3210
- Heiken Ashi signals further correction: red candles, negative haDelta and bearish Oscillator
- DMI lost bullish trend bias, also signals consolidation or pull back is ahead
- short term inner trendline breaks
We'll likely see some further profit taking, which can send Price back to 3200+ support.
- Ichimoku setup is long term bullish
- Yesterday Heken Ashi inside candle, today is a doji candle so far -> top consolidation or signal for a pull back
- haDelta cross below SMA3 -> top consolidation or pull back
- Oscillator is still bullish
4 Hrs:
- Bullish Ichimoku setup with a thick Kumo ahead
- Short term bullish support is 3210
- Heiken Ashi signals further correction: red candles, negative haDelta and bearish Oscillator
- DMI lost bullish trend bias, also signals consolidation or pull back is ahead
- short term inner trendline breaks
We'll likely see some further profit taking, which can send Price back to 3200+ support.
