Heikin-Ashi Weekly Market Overview
May 24: Volatility Index (VIX) daily – 11.93
Short-term - Positive bias, eyes on OD/ID range
Heikin-Ashi
(+) White doji, haDelta positive, haOscillator positive
Non Heikin-Ashi
(+ -) OD/ID breakout/down pattern over the last 3 bars. Resistance @13.37 Support@11.52 (the range of the pattern). Heikin-Ashi dojis for the last 3 bars.
(+ -) VIX is already in an uptrend. To reverse it, haClose should be < 12.41 at the end of May 28 vs. 12.39 now. On the edge.
Note: The positive divergence Price :: haOscillator might have been consumed on May 23.
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May 24: SP-500 daily – 5,304.93
Short-term – Positive bias, eyes on OD/ID range
Heikin-ashi
(+) haOscillatori s oversold and suggests a reversal.
(-) Red doji, haDelta negative. See comment about the VIX positive divergence.
(+ -) SP-500 is already in a downtrend. To reverse it, haClose should be > 5,291.35 vs. 5,294.05now. On the edge.
Non Heikin-Ashi
(+ --) OD/ID breakout/down pattern over the last 3 bars. Resistance @5,341.88 Support @5,256.93 (the range of the pattern).
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May 26: Bitcoin daily – 68,818
Short-term - Bullish
Heikin-Ashi
(+ -) Consolidation, haDelta positive but tight around zero, haOscillator positive
(+ -) BTCUSD is already in an uptrend. To reverse it, haClose should be < 69,301 at the end of May 27 vs. 69,073 now.
Non Heikin-Ashi
(+) Above the trailing-stop @63,324.
(++) Inverse positive divergence haOscillator since May 10.
(!) Resistance@72,000
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May 26: Ethereum daily – 3,848
Short-term - Bullish
Heikin-Ashi
(++ -) Consolidation,haDelta positive, haOscillator negative ready to turn up.
(+ -) ETHUSD isalready in an uptrend. To reverse it, haClose should be < 3,813.86 at the end of May 27 vs. 3,803.16 now.
Non Heikin-Ashi
(+) Above thetrailing-stop @3,363.
(++) Inverse positive divergence haOscillator since May 10.
(!) Resistance@4,100.
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May 24: EUR/USD daily – 1.0845
Short-term - Bullish
Heikin-Ashi
(+) Reversal doji, haDelta positive, haOscillator negative but ready to turn up.
(+ -) ETHUSD is already in an uptrend. To reverse it, haClose should be < 1.0819 at the endof May 27 vs. 1.0830 now. Tight.
Non Heikin-Ashi
(+) Above the trailing-stop.
(++) Inverse positive divergence haOscillator since May 10.
(!) Resistance @1.0982.
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