nothingchangehere Chart Pattern Analysis Of DX1!
It seems that the bear market of DX1! had started earlier.
And the present market is most likely in a consolidation process.
That is a running downtrend flat.
The continuously increasing supply pressure and long candle body verified it.
The price touched a nearest support,
Every rebound of the market is a potential good place to short it there.
Perhaps, the following candles will test the upper limit of the channel,
or test the 0.5fib line of the nearest downtrend wave,
If there are signals of lacking demands or increasing supply pressure,
It will be a good place to short it.
When DX1! In a potential bearish market,
That means the other goods (such as Gold\Silver\Copper\BTC…) will most likely in the journey of another bull run.
I will try to hold and prepare for this change.