🧠From a structural point of view, we have made healthy corrections according to the double-top bearish structure, and all short targets have been achieved, with expectations for a rebound. In addition, we have also successfully constructed a double bottom bullish structure in the buying zone, so we will most likely use this structure as a support for the rise to...
🧠From a structural point of view, we started to rise according to the double bottom structure. At present, the goal of the double bottom structure has been achieved. If you have long positions, remember to lock in the main profit or close the position to guard against the risk of a pullback! ! !⚠️ It is not recommended to continue chasing the rise here! !...
🧠From the perspective of wave theory, we have broken through microwave 4, which means that the short-term correction has ended, and a good rebound has formed, indicating that we are moving to main wave 5. ⚙️The first goal worthy of our attention is to look forward to successfully breaking through the turning point. If you hold it, then the bull defense point can...
🔥We currently have a nice rally again near the buy zone and support line, which is very reasonable. 🧠From a structural point of view, if we continue to rise strongly from here and successfully break through the turning point, it means that the bullish head and shoulders structure has been established, and any callbacks in the future are opportunities for us to...
🤷♂️Unfortunately, yesterday we did not continue the upward momentum but chose to continue the decline.📉 🧠From the perspective of wave theory, we have the opportunity to form a standard wolf wave, and wave 5 may end when it falls below the inflection point, so it is worth paying attention to the timing of the rebound here. ➡️From a structural point of view, we...
🔥We made long orders near the buying zone yesterday. If the profit is enough, we can choose to reduce the holdings and set breakeven, and then expect more in a low-risk way. Congratulations to all the friends who followed Wolf King to print money.💰🍻 🧠Next, if we continue to rise strongly and successfully break through the short defense point of the double top...
🧠We entered the correction phase after breaking above the downtrend resistance line, which turned into downtrend support line. ➡️The price is currently back within the buy zone marked on the chart and near the downtrend support line, so there is an expectation of a rebound, so please be cautious when shorting!⚠️ The next goal worthy of our attention is to...
🧠Following the mainstream currencies, we made in-depth adjustments and entered the daily-level buying zone, retracing more than 60% of the gains. From here, we can see the potential of the bull market. Because we still have many goals that have not been achieved. If the bull defense point continues to be broken down, the bull target above will be invalid. Let's...
➡️From the previous article I talked about the idea of the buy zone turning into a resistance zone and the idea of looking for shorting opportunities when the price comes near the downtrend resistance line. 🧠The price is now close to the area I described, so look for short signals here. If you hold long orders, you can reduce or close the position. Only after...
🔔We eventually broke below the PML line and the buy zone turned into a resistance zone. 🧠From the graph, we can see that we are falling all the way following a zigzag pattern. The price is about to enter the buying zone on the daily and weekly lines. The strongest short-term support zone is 50636-52888. When the price reaches this zone, there should be good...
➡️From the monthly chart, we can see that a large negative column has appeared, which indicates that adjustments at the daily and weekly levels have occurred. This shows that it will be difficult for us to reach new highs in the next 1-2 months. ➡️Therefore, we need to pay attention to buying opportunities when the price reaches the daily and weekly buy...
🧠As we approach the end of the month, the monthly candlestick may close with a negative candlestick, which is a less optimistic sign on the bullish side. It shows that it is difficult for us to reach new highs in a short period of time. ➡️So we will maintain two possibilities in the future: First, we choose to continue to consolidate sideways, gradually compress...
➡️From a structural point of view, we have had a good rebound after completing the goal of the double top structure, and there is also an expectation of a rebound after sweeping the liquidity pool. Therefore, there is an opportunity to build a head and shoulders structure near the buy zone and continue the upward trend. Note that this structure is established...
🧠A double bottom structure was constructed in the buy zone. The ideal target zone of this structure has not yet been realized, and the price has returned to the buy zone again, so there is a high probability that we will start to rebound from here.🚀 ⚠️Don’t forget risk management💯 ✔️Trade safe✔️ 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so...
🧠From a graphical structure point of view, we have formed a descending triangle. The current price has broken through the upper edge of the triangle, which means that we will continue to rise. If we successfully break through the inflection point, then we will have a high probability of sweeping the upper liquidity pool.🚀 ➡️If you are not involved in long trades,...
➡️From the technical analysis point of view. 👀 🧠After a long period of decline, we hit a record low in June this year, and the rebound effect was also very strong. Then we can use this to judge the validity of this low as a new historical low. We gradually built a line of defense in the subsequent adjustments, and formed a small double bottom structure and started...
🧠We started to fall according to the double top structure and reacted well after touching the main support line. We can pay attention to the double bottom structure that may be formed here. It will be established after breaking through the turning point. If it is established, then we will most likely go to the neckline or resistance zone. ⚠️Don’t forget risk...
🧠From the perspective of the larger cycle, the high point gradually decreases, which is a downward trend. ➡️From a structural point of view, we started the pullback after completing the target of the double bottom structure, and constructed a bearish head and shoulders structure near the target area, so there is a high probability that we will sweep the liquidity...