Heikin-Ashi Offers an Early Bearish Warning

April 25, 2012

Heikin-ashi is a technique that targets both visual (right-brain) and analytical (left-brain) traders.

If and when both perspectives converge, a decision is easier, with  higher odds to reach the envisaged outcome.

In addition, when you get an advance indication (see April 19 when haDelta fell below its average) the comfort level is rising.

A visible bearish Head-and-Shoulders (LS-Head-RS?) pattern is forming waiting for a confirmation.

Obviously the picture is bearish and no reaction will have the strength to bring back the price to previous levels soon.

 

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