K1 and K2 is a strong bullish engulfing pattern, But unfortunately, K3 failed to close upon K2 to verify the strong momentum. And the demand or supply pressure sharply decreased here. So, it is possible that the following candles consolidate here for days and then choose to break up or fall down. On the other hand, It is also likely that K4 close below K2...
K2 and K3 keep climbing up. It is a good signal for the bull market. It seems that the market is accelerating here. But for now, I don’t have the confidence to buy it immediately. If the following candles consolidate near the support to verify the bullish momentum, I will try to buy it there. Buy-126.2/Stop-124.8/Target-144
After K1 break up the initial uptrend channel, a bearish harami pattern of K2 and K3 stopped the strong bullish momentum. The market turned to be more neutral. It seems that a consolidation will lasts for months here. And the decreasing demand also verified it.
K1 and K2 is a bearish harami pattern, It verified the potential resistance. It is likely that a consolidation or downtrend had started from K1. From K1 to K3, The demand keep decreasing, It is likely that K4 will keep falling to test the lower price are of K3. If the market find enough demands there, It will be a good place to buy it at about 50K area.
K3 break up and created a higher high. It seems that another bull run had started from here. Of course, It is still possible that the consolidation had not ended yet. But the possibility of the another bull run increased. So, it is valuable to buy it here or buy it if the following candles successfully retest the lower price area of K3. Buy-118.88/Stop-118.1/Target-129
After a bullish three methods pattern of K2, K3 close upon the downtrend line immediately. It is likely that the short-term uptrend is expanding and accelerating. It is a good place to buy it immediately. If the following candle return back below the neckline, I will try to get out of the market. Buy-61.7K/Stop-60.3K/Target-68K
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.
From K1 to K3, It is a bullish three soldiers advancing pattern, But unfortunately,K3 failed to close upon the resistance. Besides, the demands keep decreasing. It is possible that the following candles consolidate here for days, And then choose to break up or fall down. On the other hand, The supply pressure keeps at high level, I don’t think It is easy to...
K3 close below the consolidation channel, It seems that the following candles will accelerate. On the other hand, If the following candles close upon K1, I will change my plan. Short-55.1K/Stop-57.1K/Target-42K
First of all, I must admit a fact that my previous analysis was totally wrong. I was too optimistic about the stock. I must change my mind and plan. K4 is a strong bearish candle with a bear gap under increasing volume. From K1 to K4, It is a strong bearish evening star pattern. It verified a fact that a potential large scale double top pattern is possible on...
From K1 to K3, The supply pressure keeps increasing. Smart money got out of the market at K3. And bad news released after the market. The short-term consolidation ended by the news. So, it is likely that a large scale consolidation or another bear run had started from K1. A nearest support at about 0.5-0.618fib area. I will try to buy it there. I am still...
From K1 to K3, It is a bearish three soldiers advancing pattern. It is a potential bear head of another bear run. But it must be verified by the following candles. The supply pressure at K3 is not heavy enough to ensure the following candles keep falling. So, it is also possible that a large scale consolidation is still expanding. If the following candles...
K2 and K3 close upon the neck line, It verified a fact that the previous downtrend had been reversed. I will try to find opportunitites to buy it.
K2 is a bullish hammer candle, It verified the potential support, And K3 verified that the supply pressure decreased. So, it is possible that the following candles price up to test or break up the nearest resistance. It is not easy to take profit from this market.
K3 verified a fact that the demands keep at low level, and the supply pressure keeps increasing. It is a boring short-term downtrend. If this situation continues, The short-term downtrend may expand to test 55K area. It will be a good place to buy it there.
K3 failed to close upon K1. It is a first test to the resistance. The supply pressure decreased, So, it is likely that the following candles will test the resistance for more times. K1 is a bullish hammer candle, But it must be verified by the following candles. If the following candles couldn’t obviously close upon K1. It is very likely that the newly born...
K3 failed to close below the lower limit of the downtrend channel, the supply pressure decreased. It seems that the following candles will consolidate here for days. After that, It is very likely that the downtrend will regain its strength. While the following candles fall to test the lower price area of K1 or uptrend line, It is a potential good place to...
From K1 to K3, It is a strong bearish three soldiers advancing pattern. It is likely that K4 will keep falling to test the uptrend line or 0.382fib area. 90USD will be a value area to establish long-term positions. I will try to buy it there.