From K1 to K3, there are three candles stay below the 1/1Gann Line.
So, the Line had turned to be a potential strong resistance to the previous bullish market.
The risk increased here.
K3 is a bullish hammer candle with average high volume,
But it still couldn’t close upon the resistance.
If K4 couldn’t verify the hammer candle,
It will be a good place to short it there.
Comment:
K3 is a bullish hammer candle,
K4 verified that.
But it is not strong enough to close upon the highest price of K3.
And the long upper shadow of K4 is another negative signal.
K2 is a first test of the resistance of 1/1Gann Line or K1.
K4 is a second test of the resistance.
There are four candles stay below the 1/1Gann Line.
The market here turned to be more neutral.
If I have enough courage and money,
I will surely short it here, and stop loss set at 43300.
K3 is a bullish hammer candle,
K4 verified that.
But it is not strong enough to close upon the highest price of K3.
And the long upper shadow of K4 is another negative signal.
K2 is a first test of the resistance of 1/1Gann Line or K1.
K4 is a second test of the resistance.
There are four candles stay below the 1/1Gann Line.
The market here turned to be more neutral.
If I have enough courage and money,
I will surely short it here, and stop loss set at 43300.
Comment:
K3 had a long body under average volume,
It verified that my previous analysis is totally wrong.
It also verified that the supply pressure is temporarily low here.
If K4 continue to price up,
It will touch the month scale upper limit of the uptrend channel.
If I bought earlier at K2 or K3,
I will totally or partly get out the market there.
K3 had a long body under average volume,
It verified that my previous analysis is totally wrong.
It also verified that the supply pressure is temporarily low here.
If K4 continue to price up,
It will touch the month scale upper limit of the uptrend channel.
If I bought earlier at K2 or K3,
I will totally or partly get out the market there.
Comment:
K4 break up K0 under average increased volume,
It verified the bullish market.
The nearest resistance is 54000,
The nearest support is the middle line of the uptrend channel.
If the candles fall back to test the support,
It still worth to buy in.
K4 break up K0 under average increased volume,
It verified the bullish market.
The nearest resistance is 54000,
The nearest support is the middle line of the uptrend channel.
If the candles fall back to test the support,
It still worth to buy in.
Comment:
K1 and K2 is a bearish harami pattern.
If K3 fail to close upon the resistance,
The following candles will drop to test the support.
One possible price behavior is that,
K3 price up to test the resistance,
And then, K4 fall back to test the support.
K1 and K2 is a bearish harami pattern.
If K3 fail to close upon the resistance,
The following candles will drop to test the support.
One possible price behavior is that,
K3 price up to test the resistance,
And then, K4 fall back to test the support.
K3 is a first test of the bullish up gap of K0,
It is a bullish hammer candle,
K4 verified that.
If K5 break up K4 immediately,
The bull market will not likely stop at K1.
If K5 break up and then price down to test the bullish gap of K0 for a second time,
I will be a potential good place to buy in.
K4 is a first test of the bearish down gap of K2.
If K5 break down immediately,
It will verify the effectiveness of the strong resistance.
K1 will likely to be the end of the bull market.