Handle is forming now
Updated
Handle is forming now, by seeing double Top doji two days before, so today the candle chosen to be red, indicating the starting of forming handle.
By monitoring the possible support, 0.605-0.615 probably is dip of the handle. Next, monitor the volumes from 1-3 days when candle with low volumes at support area. That is crucial which it will determine the next direction, if it is tend to form handle, it will surge up, or else, it will go further down to next Support.
I wouldn't guess how long it will form the handle, but by monitoring volumes and candles will provide a very good signal for coming trading days.
By the way, the quarter report will be released on late May, so for the current situation is just solely technical play.
By monitoring the possible support, 0.605-0.615 probably is dip of the handle. Next, monitor the volumes from 1-3 days when candle with low volumes at support area. That is crucial which it will determine the next direction, if it is tend to form handle, it will surge up, or else, it will go further down to next Support.
I wouldn't guess how long it will form the handle, but by monitoring volumes and candles will provide a very good signal for coming trading days.
By the way, the quarter report will be released on late May, so for the current situation is just solely technical play.
Comment
Handle forming is rather difficult now, seems it is supported at 0.560.Due to NASDAQ slumped for past few days, and QES quarter report not yet released, so let us see how strong the support will be.
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