Comment:
K2 tested the downtrend line under sharply increase volume.
It is not a successful test,
Perhaps the following candles will test the line for a second time.
Buy-62088/Stop-61088/Target-72000
K2 tested the downtrend line under sharply increase volume.
It is not a successful test,
Perhaps the following candles will test the line for a second time.
Buy-62088/Stop-61088/Target-72000
Comment:
It seems that the previous short-term downtrend had recover its strength at K1.
And K2 close below the downtrend line under high volume,
It verified that the downtrend regain its power here.
If the short-term want to expand,
K3 must close below K2 or the supply pressure keeps increasing at K3.
It is also possible that it’s just a bullish large scale consolidation process here.
But it needs more signals to verify that.
Buy-60666/Stop-59666/Target-72000
It seems that the previous short-term downtrend had recover its strength at K1.
And K2 close below the downtrend line under high volume,
It verified that the downtrend regain its power here.
If the short-term want to expand,
K3 must close below K2 or the supply pressure keeps increasing at K3.
It is also possible that it’s just a bullish large scale consolidation process here.
But it needs more signals to verify that.
Buy-60666/Stop-59666/Target-72000
After a three soldiers stalled pattern,
K2 tested the uptrend line under low volume,
It seems that K3 will break up.
If the bull force couldn’t take the chance to close upon K2,
Or even close below K2,
The risk will sharply increase here.
Buy-63355/Stop-62355/Target-72000