In week chart, We got a gravestone doji candle with increased volume.
That's a warning of supply pressure and means price reverse.
It increased the risk to buy and hold long position.
But i need more evidence to prove it. After all, there are three doji candles, one gravestone doji is nothing special, and it just created a higher high price,it is also a good news for buyers.
I think at the end of this week, there will be a breakout signal to help us to analysis and determin how to move next.
Note
At the end of last week, we got a small fluctuation candle with decreased volume.That means supply pressure hadn't expanded and price will go up to test the upper area.
At the end of this week, we will got the closed price of month-chart, that is much more important.
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.