K1 is a bearish hang-man pattern, K2 verified it. So, it is very likely that another bear run had started from K2. The first 2-4 hours of the day is important. If the candles close below to verify the bearish downtrend, It will be a potential good place to short it here. Sell-61600/Stop-62600/Target-56000
K1 is a bullish up engulfing pattern, But it is not strong enough to start a new bull run. K2 failed to close upon the previous high price. It seems that K3 and K4 will test the potential support under low volume. If that is a fact, It will be a first potential good place to buy in. If the following candles(Perhaps at K5 or K6) breaking up the downtrend...
K3 verified that a strong bearish motive wave had started from K1. If K4 couldn’t close upon K3 to interrupt it. the risk will sharply increase, The following candles will likely breaking down the potential support. If K4 could close upon K3. It is still possible that it’s just a bullish large scale consolidation process here. Buy-59555/Stop-58555/Target-72000
From K1 to K3, it is a three soldiers stalled pattern, K3 close upon the downtrend line. The supply pressure is temporarily low here. If the following candles successfully retest the downtrend line, It will be a good place to buy in. Buy-63188/Stop-62188/Target-72000
K2 close below the neck line of a potential larger scale double top pattern. But, the volume is temporarily low here. If this situation continues, The short-term bear market couldn’t go far and even stop at 60K. If the following candles price up to retest the neck line or 0.382fib line with a sharply increasing volume, It will be a good place to sell it...
K3 tested the uptrend channel under decreased volume, It failed to breakdown the neck line of a potential double top pattern. So, it is possible that the bearish pattern had been reversed by the bullish hammer candle K3. After a three soldiers stalled pattern(from K1 to K3), A rebound is on the way. The first day of the week is important, If it break up the...
Candles were trapped into a dead corner. It is likely that the following candles will choose a direction to price up or break down. If the following candles close upon the downtrend line, It will be a good place to buy in. If the following candles price up to test the downtrend line under sharply increased volume. It will be a good place to sell it...
After K1 breaking up the downtrend line, K2 tested it under sharply increased volume, The following candles verified that It was a successful test. A sharp rebound will likely price up to test 0.618-0.786fib area. Buy-2330/Stop-2325/Target-2370
K1 is a bullish hammer candle, K2 verified it, and it nearly break up K1. The supply pressure sharply decreased here. So, it is possible that the short-term downtrend will be reversed here. If the following candles fall back to test 0.5fib line under low volume, It will be a good place to buy in. Long-63000/Stop-62200/Target-70888 Short-70900/Stop-71800/Target-66000
After K2 close below the neck line of a potential double top pattern, K3 is breaking the uptrend line. A short-term downtrend OR larger scale horizontal consolidation process is possibly on the way. If the following candles fall back to test the uptrend line under sharply increased volume, It will be a good place to short it there. Short-2318/Stop-2334/Target-2271
K3 break down and close below K1, It is a strong bearish pattern, And it verified the previous bearish pattern K0. From K0 to K3, The supply pressure is also increasing. A potential large scale double top pattern is on the way. Will K4 price up to provide an opportunity to let me get out of the market ? I don’t know. So, I cut off half of my long positions...
K1 is a bearish hangman pattern, K2 verified it. So, a potential double top or bearish flag pattern is on the way. K3 is breaking the neck line of the potential double top pattern. If it finally close below the neck line under sharply increased volume. A motive wave may take the price to the uptrend line or 0.5-0.618fib area. It seems similar to BTC.
Along the downtrend line, A last motive wave(05) possibly had run to the end. It seems that a three soldiers stalled pattern had stopped the last motive wave. But it must be verified by the following candles. If K4 close upon the downtrend line or K2 to establish a bullish morning star pattern. It is possible that the bear market will be reversed here.
K2 break down the neck line under increased volume. It turned the neck line to a potential resistance. If the following candles rebound to test 0.382fib area. It is a good place to short it there. The stop loss could set at 0.5fib line area(about 3250).
K2 is a bearish hangman pattern, K3 verified it. So, a potential double top or bearish flag pattern is on the way. I nearly closed all my long positions at K3. The potential support is 0.5-0.618fib area, I will try to buy back there. If the following candles break up the flag, I will also change my mind and try to buy back.
K1 and K2 is approaching to the resistance to test the supply pressure, The supply pressure keeps at low level temporarily. If K3 close below K1, The risk will sharply increase. If the following candles consolidate here for days and finally close upon the resistance. A bullish upthrust wave will likely come up.
Candles were trapped into a dead corner, The market will choose a direction to price up or break down. It seems that the resistance is losing its control here. It is a potential uptrend triangle pattern. If K4 close upon the resistance, It is likely that an upthrust wave will come up, And, candles will touch 60% area.
K3 is a bullish hammer candle, K4 verified the pattern. So, it is likely that the following candles will keep climbing up to test the upper price of K2. On the other hand, The demand or supply pressure from K2 to K4 keeps dropping. If this momentum continues, The short-term uptrend form K3 couldn’t go far. It is likely that the large horizontal consolidation...