Technical analysis of market prices is over 90% statistics.
The reason is straightforward: almost all existing indicators (averages, volatility bands, RSI, oscillators, MACD, etc.) are derived from processing historical data using statistical methods. Heikin-Ashi is no exception, but it offers a significant advantage: its price noise removal technique (see haOpen) provides more reliable advanced indications about immediate price action.
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June 22 - Volatility Index (VIX) weekly – 13.20
Medium-term – Positive bias (negative for the markets). Short-term – Positive.
Heikin-Ashi
(+++) Another reversal doji, haDelta turned up at *zero.
(!!!) haOscilaltor is negative. Conflict with haDelta.
(- +) VIX is in an uptrend. To reverse it, haClose should be < 12.94 at the end of June 28 vs. 13.05 now.
Non Heikin-Ashi
(+) Below the Buy-stop @20.02
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June 21 - SP-500 weekly – 5,464.62
Medium-term – Still positive indications. Short-term -Negative signs on the daily chart.
Heikin-Ashi
(+) haDelta, still bullish (haDelta is faster than haOscillator).
(+ -) SP-500 is already in an uptrend. To reverse it, haClose should be < 5,504.47 at the end of June 28 vs. 5,455.41 now. It looks feasible by next Friday.
Non Heikin-Ashi
(++) Comfortable Stop-loss @5,121. 6.27% below the close.
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June 22: Bitcoin weekly– 64,370
Medium-term – Top confirmed.
Heikin-Ashi
(-) Bullish consolidation pattern, haOscillator below its slow line, in negative territory. It looks like a longer downtrend will follow until the trailing-stop is hit.
(-) Negative haDelta.
(-) BTCUSD is already in a downtrend. To reverse it, haClose should be > 65,299 at the end of next week vs. 65,463 now. Eyes on this value.
Non Heikin-Ashi
(+) Far above the trailing-stop @59,457, 7.63 % higher.
(++) The weekly chart shows an Inverse positive divergence for the haOscillator in 2024.
(!) Resistance @72,000
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June 22: - Ethereum weekly – 3,482.24
Medium-term – Top confirmed. Buy-stop above 3,896.
Heikin-Ashi
(+) Positive consolidation pattern, haOscillator negative, ETHUSD looks, technically speaking, better than BTCUSD.
(-) haDelta is below its average.
(-) Still below the buy-stop @3,896.
(+ -) ETHUSD is already in a downtrend. To reverse it, haClose should be >3,511.81 at the end of the next week vs. 3,532.82now.
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.
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June 21 - EUR/USD weekly – 1.0691
Medium-term – Top. More downside to follow (see the Inverse Negative Divergence)
Heikin-Ashi
(--) haDelta is already below its average.
(- +) EURUSD is already in a downtrend. To reverse it, haClose should be > 1.0665 at the end of June 21 vs. 1.0706 now. As the haOscillator has more room to travel down from here, the probability of reversing the downtrend this week he downtrend is slim.
Non Heikin-Ashi
(+) Above the trailing-stop @1,0531.
(+) Inverse positive divergence haOscillator for 2024.
(--) Inverse negative divergence.
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