11/10 Analysis
Monthly
1. Strong uptrend (above 20MA)
2. 1/9 candle : bearish candle because of it's long upper and lower shadow, which reflects extreme market volatility. The inability of either the buyers or sellers to control price, resulting in a doji, implies indecision. Found after a rally, it marks the exhaustion of the uptrend
3. 1/10 low is higher than 1/9 low, but with no real body
Weekly
1. Strong uptrend (above 20MA)
2. Price is making higher low
Daily
1. Strong uptrend (above 20MA)
2. Price try to break the ascending, but fail
3. Candle body size comparison between 8/10 and 9/10. Both have almost the same volume, but 9/10 can only produce a very small body (almost like a doji, or is it a doji?), is this a sign that bear is struggling?
Hourly
1. Healthy uptrend (above 50MA)
2. Bouncing off 50MA
3. 3/10 : 0330 is buy confirmation
4. I see bull flag with 3/10 : 0330 candle breaking flag upper trendline
The Game Plan
1. Mean reversion (Keltner Channel)
I'm waiting for
- Currently waiting for 'Hourly-Strong Buy', currently neutral
- Price at midline
- Mid line sloping upwards
- Reversal candle confirmation
Monthly
1. Strong uptrend (above 20MA)
2. 1/9 candle : bearish candle because of it's long upper and lower shadow, which reflects extreme market volatility. The inability of either the buyers or sellers to control price, resulting in a doji, implies indecision. Found after a rally, it marks the exhaustion of the uptrend
3. 1/10 low is higher than 1/9 low, but with no real body
Weekly
1. Strong uptrend (above 20MA)
2. Price is making higher low
Daily
1. Strong uptrend (above 20MA)
2. Price try to break the ascending, but fail
3. Candle body size comparison between 8/10 and 9/10. Both have almost the same volume, but 9/10 can only produce a very small body (almost like a doji, or is it a doji?), is this a sign that bear is struggling?
Hourly
1. Healthy uptrend (above 50MA)
2. Bouncing off 50MA
3. 3/10 : 0330 is buy confirmation
4. I see bull flag with 3/10 : 0330 candle breaking flag upper trendline
The Game Plan
1. Mean reversion (Keltner Channel)
I'm waiting for
- Currently waiting for 'Hourly-Strong Buy', currently neutral
- Price at midline
- Mid line sloping upwards
- Reversal candle confirmation