While positionning is record short, price action is...... rather bullish.
Weekly:
- Ichimoku is more neutral. Price stil below Kijun and Kumo (bearish), but all averages has been flat line for long time now.
- Triangle
- Heikin-Ashi is bullish biased now, but haDelta is still sround zero line. Needs more momentum.
- EWO ticking back to zero -> neutral
- Strategic key reversal level is: 395
Daily:
- Bullish Kumo breakout gets validation as Tenkan and Chikou moving above Kumo too!
- Heikin-Ashi bullish continuation: candle and haDelta gives a buy signal after 2 days of consolidation-
- EWO is bullish
- ATR is still extremely low! If record short positions get squeezed, price action can turn really agressive, with volatility to jump.
Hold/increase longs. Stop below 360. Trail stops with PSAR and/or Kijun Sen. Initial target 390-395.