Get started
Double bottoms, supports and resistances, Heikin Ashi buy signalWeekly: - Clear double bottom this year around 12,90. Neckline and Kumo top is ard 16,72. Above that space would open to 20. - Ichimoku setup is turning to neutral as Chikou losing open space and Price is trying to move above Kijun Sen. Thin Kumo overshade ahead. However Tenkan is still below Kijun and future Senkou A points down a bit. - Heikin Ashi may give a bullish resumption signal this (or next) week, as candle body shrinks! Watch if haDelta crosses back above zero line! Daily: - Interesting double bottom here as well made in August and September, with a slightly higher low on second dip. - After sharp price gains and bullish Kumo breakout price has retested Kumo and Kijun Sen. Ichimoku setup is bullish biased, with some confusing signal on Tenkan/Kijun: in a case like this we can check the average of these, which is actually the Senkou A line (green future Kumo line), and that still points up! - After 5-7 days of some choppy consolidation Heikin Ashi possibly gives a buy signal at support! - Bullish confirmation and acceleration would happen above 15,25 Quite a good opportunity to enter long.
MIL:ENILong
by Kumowizard