https://www.tradingview.com/x/cafM4G68/
This week's candle is most likely a bearish belt-hold line, which means a reverse of nearest uptrend.
Usually, if the uptrend want to go on, the price retracement should not closed below 0.5-0.618Fib area.
If the price of coming weeks stay below 0.5fib area, that will verify the reverse of uptrend.
I will try to short it.
If the price of coming weeks stay upon 0.382fib, the uptrend will most likely restore its strength.
I will try to buy in.
This week's candle is most likely a bearish belt-hold line, which means a reverse of nearest uptrend.
Usually, if the uptrend want to go on, the price retracement should not closed below 0.5-0.618Fib area.
If the price of coming weeks stay below 0.5fib area, that will verify the reverse of uptrend.
I will try to short it.
If the price of coming weeks stay upon 0.382fib, the uptrend will most likely restore its strength.
I will try to buy in.
Note
Compared to K1, this week's candle K2 has a relatively decreased volume.Supply pressure temporarily decreased.
The following week's candle will most likely test the upper limit (27000-27250).
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.