Contrary to popular belief among amateurs, there is no perfect indicator or strategy in trading.
Success hinges on using better tools and maintaining discipline. Heikin-Ashi is one such tool.
On July 9, well before CrowdStrike made headlines:
haDelta dipped below its average, and the trend band shifted from dark green (uptrend) to light green (potential trend change).
Was this a sell signal? No, it was a warning worth taking, emphasizing the need for a stop-loss (discipline). The rest is history.
Have questions about Heikin-Ashi? Contact us.
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July 19 - Volatility Index (VIX) weekly – 16.52
Medium-term – Top, return to lower volatility is expected.
Heikin-Ashi
(+) See the last two weeks’ comment “More consolidation, more violent the breakout will be.” It’s time for the volatility to go lower and the market to reverse.
(-) haOscilaltor is turning down.
(-) VIX is already in a downtrend. To reverse it, haClose should be > 15.99 at the end of July 26 vs. 15.19 now. Less probable.
Non Heikin-Ashi
(+) Below the Buy-stop@20.02
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July 19 - SP-500 weekly – 5,505
Medium-term – Bounce, reversal on the daily chart.
Heikin-Ashi
(+) The daily haOscillator and haDelta areboth oversold. A bounce is expected.
(-!) SP-500 is in a strong downtrend. To reverse it, haClose should be > 5,641.14 at the end of July 26 vs. 5,577.47 now. Less probable to reverse the trend.
Non Heikin-Ashi
(-) The Stop-loss has been broken and a Buy-stop is now @5,631.6. 2.29% above the close.
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July 20: Bitcoin weekly– 66,533
Medium-term – Uptrend.
Heikin-Ashi
(+) haOscillator is positive.
(+) positive haDelta.
(+) BTCUSD is in an uptrend. To reverse it,haClose should be < 62,215 at the end of next week vs. 63,956 now. The uptrend has high odds to continue.
Non Heikin-Ashi
(-) Below the buy-stop @72,389, 8.80% lower.
(++) The weekly chart shows an Inverse positive divergence for the haOscillator in 2024.
(!) Resistance @72,000
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July 13- Ethereum weekly – 3,502.8
Medium-term – The bounce will continue.
Heikin-Ashi
(+) haOscillator is positive and has more room to rise.
(++) ETHUSD is still in an uptrend. To reverse it, haClose should be <3,256.78 at the end of the next week vs. 3,385.35 now .Low 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 18 - EUR/USD weekly – 1.0877
Medium-term – Top.
Heikin-Ashi
(!-) haDeltais ready to turn below its average.
(-) EURUSD is still in an uptrend. To reverse it, haClose should be < 1.0947 at the end of July 19 vs. 1.0895 now. Higher odds to reverse by the end of the next week.
Non Heikin-Ashi
(+) Above the trailing-stop @1,0531.
(+) Inverse positive divergence haOscillator for 2024.
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