https://www.tradingview.com/x/IKDGUybw/
K2 and K3 is a bullish up engulfing pattern,
So, my previous analysis about the market is not correct.
I have to change my plan and try to buy it.
It is also possible that the present market is a larger scale consolidation.
If the following candles break up the resistance or successfully retest the support for a second time.
I will try to buy it.
K2 and K3 is a bullish up engulfing pattern,
So, my previous analysis about the market is not correct.
I have to change my plan and try to buy it.
It is also possible that the present market is a larger scale consolidation.
If the following candles break up the resistance or successfully retest the support for a second time.
I will try to buy it.
Note
From K1 to K3,
Both the candle body and demands sharply decreased.
It seems that the following candles will consolidate here for days,
And then choose to break up or fall down.
I will try to buy it if the following candles successfully break up the resistance or fall back to retest the lower price area of K1.
Buy-110.6/Stop-108/Target-118
Sell-123.6/Stop-125/Target-110
Note
From K1 to K4,
The supply pressure keep decreasing,
It seems that the following candles will keep pricing up to test the resistance or even close upon it.
If K5 close upon the resistance,
I will try to find signals to buy it.
Buy-118.14/Stop-117.55/Target-124
Buy-110.94/Stop-110/Target-118
Note
K2 close below K2 under increasing volume,
The demands sharply increased.
If K3 close upon K2,
It is still valuable to buy in.
Buy-116.9/Stop-116.3/Target-120
Buy-110.94/Stop-110/Target-130
Note
After days consolidation,
It seems that the following candles will choose to break up or fall down.
If K4 break up,
It will be a good place to buy it here.
Buy-119.2/Stop-118/Target-137
Note
After a bull gap of K2,
K3 tested the potential support for a first time,
The demands is very strong.
K4 tested the support for a second time,
The supply pressure decreased.
The possibility of K5 break up the resistance increased.
If K5 break up K3 or close below the support,
The consolidation will be ended here.
Buy-118.65/Stop-117.8/Target-127
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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.