WTI - Short term correction is over. Lower from here
- Yesterday WTI printed a doji-like HA candle with both upper and lower wicks and haDelta crossed below SMA3
- Today we have a confirmation in form of a red HA candle and haDelta+SMA3 further down, may dip back below zero line. The Oscillator turned to bearish again.
- How the weak Tenkan/Kijun bullish cross as a support can hold now is a question, such as if we see a lower low, or if the next dip lasts only until 47,50-48,00.
- The Kumo is thick above Price, we are very far away from a longer term trend reversal. We will either see the bearish trend resuming, or we see a bottom building and consolidation.
For now small shorts recommended again. Let's see what the next low will be.
- Today we have a confirmation in form of a red HA candle and haDelta+SMA3 further down, may dip back below zero line. The Oscillator turned to bearish again.
- How the weak Tenkan/Kijun bullish cross as a support can hold now is a question, such as if we see a lower low, or if the next dip lasts only until 47,50-48,00.
- The Kumo is thick above Price, we are very far away from a longer term trend reversal. We will either see the bearish trend resuming, or we see a bottom building and consolidation.
For now small shorts recommended again. Let's see what the next low will be.