Contrary to popular belief among amateurs, there is no perfect technical indicatoror strategy.
Success hinges on using better tools and maintaining discipline.Heikin-Ashi is one such tool.
When trends are strong, haDelta exhibits less noise. In more typical trends, however, some noise may be present. How can we maintain longer positions in anormal trend? The answer is the haOscillator. While it may not be as precise as haDelta at the extremities of a normal trend, it effectively filters out the noise in between.
Not convinced yet? Try both indicators and see the results for yourself.
More questions about Heikin-Ashi? Contact us.
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July 26 - Volatility Index (VIX) weekly – 16.39
Medium-term – Consolidation for the coming week
Heikin-Ashi
(+) haDelta is up. Same comments as for haOscillator.
(+) haOscilaltor is up. Looking at the weekly chart, no sign of a peak yet. The next two days will bring more clarifications.
(-) VIX is in an uptrend. To reverse it,haClose should be < 17.37 at the end of August 2 vs. 16.61 now. High probability to reverse the uptrend by Friday.
Non Heikin-Ashi
(+) Below the Buy-stop@20.02
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July 26 - SP-500 weekly – 5,459.1
Medium-term – Signs of a reversal
Heikin-Ashi
(+) Heikin-Ashi doji reversals on both daily and weekly charts.
(!) SP-500 is in a downtrend. To reverse it, haClose should be > 5,514.78 at the end of August 2 vs. 5,494.98 now. Follow haClose (5,514) during the week.
Non Heikin-Ashi
(-) The weekly stop-loss is @5,274.38 3.38% below the close. Note: the daily stop-loss is now buy-stop @5,533
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July 27: Bitcoin weekly – 68,950
Medium-term – Indication of a peak.
Heikin-Ashi
(!+) haOscillator is positive but haDelta points to a pullback below its average.
(+!) positive haDelta with the caveat mentioned above.
(!-) BTCUSD is in an uptrend. To reverse it, haClose should be < 69,782 at the end of next week vs. 67,476 now. High probability to have a peak soon.
Non Heikin-Ashi
(-) Below the buy-stop @72,389, 4.98 % lower. Resistance.
(++) The weekly chart shows an Inverse positive divergence for the haOscillator in 2024.
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July 27- Ethereum weekly – 3,325.4
Medium-term – Indications of a peak.
Heikin-Ashi
(-!) haOscillatoris positive, but haDelta shows weakness (see the light green band).
(-!) ETHUSD is still in an uptrend. To reverse it, haClose should be < 3,477 at the end of the next week vs. 3,381 now. High odds to happen.
Non Heikin-Ashi
(-) Below the trailing-stop @3,896
(++) Even on the weekly chart, haOscillator displays an inverse positive divergence since the start of 2024.
(!) Immediate resistance @4,091, the upper band of the Donchian channel.
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July 26 - EUR/USD weekly – 1.0857
Medium-term – Downtrend confirmed.
Heikin-Ashi
(-) haDelta turned below its average.
(-) EURUSD is in a downtrend. To reverse it, haClose should be >1.0912 at the end of August 2 vs. 1.0867 now. Higher odds to continue the downtrend.
Non Heikin-Ashi
(+) Above the trailing-stop @1,0531.
(+) Inverse positive divergence haOscillator for 2024.
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