https://www.tradingview.com/x/d610MPwT/
The demand from K1 to K3 is decreasing,
It verified the downtrend momentum here.
The demand at K3 slightly increased,
But it failed to close the bear gap at K0.
If the following candles is a weak rebound to test the upper limit of the channel,
It will be a good place to short it there.
Short-86518/Stop-87800/Target-75K
The demand from K1 to K3 is decreasing,
It verified the downtrend momentum here.
The demand at K3 slightly increased,
But it failed to close the bear gap at K0.
If the following candles is a weak rebound to test the upper limit of the channel,
It will be a good place to short it there.
Short-86518/Stop-87800/Target-75K
Trade active
K1 and K2 is a bearish harami pattern,
It is likely that K3 will keep falling to test 73K-70K area.
If K3 failed to close below 70K,
K4 will return back to test 99K area.
On the other hand,
If K3 close below K2,
The risk will sharply increase.
Note
K2 break down the nearest uptrend line under increased supply pressure and close at low price area.
It is likely that the following candle K3 will keep falling to test 0.5-0.618fib area.
On the other hand,
The supply pressure keep decreasing at the recent candles,
It is also likely that a rebound at the support will push the candles back to test 99K area.
I will try to buy it if the following candles fall to test 75K-73K area.
Short-85444/Stop-86K/Target-75K
Long-73.5K/Stop-70K/Target-99K
Note
While K3 is falling down to test 0.5-0.618Fib area,
I will try to buy it from 76K to 66K.
If K3 couldn’t close below the support,
It is still possible that the following candles return back to test 99K area.
Note
The recent several weeks is a potential bearish triangle pattern.
K0 verified a fact that the pattern failed to expand down.
So, the possibility of the break up at the following candles increased.
If the following candles break up the resistance or successfully fall to test the 0.382-0.618fib area,
I will try to buy in.
On the other hand,
It is also likely to be a larger scale bearish running flat pattern.
But it must be verified by the following candles.
If K3 close below K2,
The following candles will likely fall to test the lower price area of K0.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.