Right Time for $AIG? $XLF
Some people see a cup-and-handle on the daily $AIG chart below (May – present).
Based on statistical observations, such pattern is bullish with a projected objective: high of the handle + cup depth.
Is now the best time to enter long $AIG?
The daily haDelta (heikin-ashi) says not yet.
What does a higher time frame show?
The weekly haDelta (heikin-ashi) chart sends the same message: Not yet.
It’s worth noting (again) the explosive price action following a crossing haDelta :: SMA(3).
Who can still ignore the power of heikin-ashi?