@ralom
Quick simple Heiken Ashi Kumo daily chart. Have numbered areas I look at and will explain as easier that pasting on chart.
1. Initial break of prev DT and push up into bearish Kumo resist.
2. Attempted bullish Kumo break running into prev resist area - line.
3. Retest of now Kumo support before breakout through that pre resist (now sup) line.
4. Now have a bullish Kumo twist - red to green as Senkou A crosses Senkou B.
5. Bullish rising & thickening Kumo in line with up trend. Thicker Kumo can also offer more support (or resist) for SP if tested.
6. Another prev resist (now supp) line. Can see the appearance of more doji (indecision) candles leading into the area & then the retest of supp after breaking through.
7. SP has been sitting within the rising channel finding supp & resist at times. Can also see a couple of recent doji again and the last candle showing slightly longer upper wick (sell pressure), shorter body & just a slight lower wick. Next couple candles be telling as has lower TL support on channel but if breaks then could head next line at 6 possibly.
8. Prev resist (now supp) line.
9. Whilst only slight, there has been a slow continual easing on vol divergence to up trend.
10. Positive / Negative net vol indicator. Predominantly positive but has a couple recent negatives, both in line with the doji highlighted in point 7 but one was buried in a green up vol day as per normal vol bars.
11. Still positive momentum as indicated however can see the easing here also over last couple months diverging with trend.
Hope all makes sense & helps mate. Any questions fire away...may or may not have an answer
