The China A50 rose over 20% from it January low to earn its 'technical bull market' status. Yet prices couldn't quite reach 13k before embarking on a -7% retracement over the next four weeks. Yet with it showing early signs of stability above support zones, perhaps a swing low is near - if not in place already. The daily chart shows a bullish engulfing candle on...
DESCRIPTION: In the chart above I have provided a Semi-Macro analysis of NIO. As previous chart setup became invalidated with the decline of Price Action a strong support was confirmed at 8.50 Points, the same Support that gave way to further uptrend when touched on Oct 25th 2022. Despite invalidation of past Chart Setup CYCLE ESTIMATION was fairly accurate. ...
In the chart above we are taking a look at CN1! in the 16 hour timeframe. 1. CN1! reaching an end to pennant formation in vital channel support. 2. Previous pennant breaks in current channel level has been bullish in the past. 3. Important to break past 13300 Supply Ceiling . 4. Channel deviation of 500 points . 5. Channel Above = 13800 - 13300 , Current...
HELLO GUYS THIS MY IDEA 💡ABOUT CN1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the sellers from this area will be defend this SHORT position.. and when the price come back to this area, strong sellers will be push down the market again.. DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason...
The weekly candle has bounced nicely from the top of the Keltner channel continuing its bull run. We'll see where it goes from here. I personally have a buy position on this instrument.