27/9 Analysis
Monthy
1. Strong Uptrend (Above 20MA)
2. At resistance zone (543)
3. Upper and lower shadow about the same length
4. Bear's in control, but Bull's stepping in
5. I cannot see any chart pattern, except that the price move in parabolic curve
Weekly
1. Strong Uptrend (Above 20MA)
2. At resistance zone
3. Price is making lower high and higher low
- Uptrend is : higher high, higher low
4. There is possibility that the price will form pennant OR bull flag, in which the price can move towards 20MA
Daily
1. Healthy Uptrend (20MA < x < 50MA)
2. Retracement from 2-8/9
3. Currently at consolidation, making lower high and higher low
- For a price to move higher, it needs to correct OR consolidate
4. Looks like bear flag, and this bear flag only becomes invalid when?
Hourly
1. Strong Uptrend (20MA)
2. I identify 2 bearish continuation chart pattern
a) Bear flag, I consider this pattern becomes invalid after 22/9 @ 00:30 when the candle close above 20MA
b) Descending triangle, to be on the safe side, I consider this pattern becomes invalid after 25/9 @ 22:30
3. Breakout on 25/9. Currently waiting for my setup, price moving towards KC midline + black cross on LB, histogram becomes smaller and dark red. No setup, no entry
Monthy
1. Strong Uptrend (Above 20MA)
2. At resistance zone (543)
3. Upper and lower shadow about the same length
4. Bear's in control, but Bull's stepping in
5. I cannot see any chart pattern, except that the price move in parabolic curve
Weekly
1. Strong Uptrend (Above 20MA)
2. At resistance zone
3. Price is making lower high and higher low
- Uptrend is : higher high, higher low
4. There is possibility that the price will form pennant OR bull flag, in which the price can move towards 20MA
Daily
1. Healthy Uptrend (20MA < x < 50MA)
2. Retracement from 2-8/9
3. Currently at consolidation, making lower high and higher low
- For a price to move higher, it needs to correct OR consolidate
4. Looks like bear flag, and this bear flag only becomes invalid when?
Hourly
1. Strong Uptrend (20MA)
2. I identify 2 bearish continuation chart pattern
a) Bear flag, I consider this pattern becomes invalid after 22/9 @ 00:30 when the candle close above 20MA
b) Descending triangle, to be on the safe side, I consider this pattern becomes invalid after 25/9 @ 22:30
3. Breakout on 25/9. Currently waiting for my setup, price moving towards KC midline + black cross on LB, histogram becomes smaller and dark red. No setup, no entry