- Daily candles have higher highs, but last three candles had relevant lower wicks too.
- The small candle bodies are also reflected in both haDelta+ and haOscillator, which thus developed quite some negative divergence
- EWO and MACD histogram alsotick lower -> early negative divergences
- 4H divergence is seen in both EWO and haOscillator
While the trend and setup is still bullish, should it break below 4H Kijun (313,26), a sudden reversal and dip to 311-312 zone would be very possible.
I suggest to get out of all longs and/or sell covered Calls.
- The small candle bodies are also reflected in both haDelta+ and haOscillator, which thus developed quite some negative divergence
- EWO and MACD histogram alsotick lower -> early negative divergences
- 4H divergence is seen in both EWO and haOscillator
While the trend and setup is still bullish, should it break below 4H Kijun (313,26), a sudden reversal and dip to 311-312 zone would be very possible.
I suggest to get out of all longs and/or sell covered Calls.