It broke out the blue bearish trend line and stop loss at the red line (1.3054).
If it can break though 1(1.8400) and have short upper shadow
1st target will be 1.272~1.382(2.2797~2.4575)
2nd target will be 2(3.4566)
It broke out the wedge pattern.
If the close can higher than pattern and have short upper shadow. (less than 1/3 body)
The stop loss at red line (0.1820).
1st target will be 1(0.2798).
If the close can higher than 1(0.2798).
2nd target will be 1.272~1.382(0.3352~0.3576).
3rd target will be 2(0.4834).
There was Bullish engulfing at the mark.
It might try to breakout the bearish trend line from ATH (64990.0) and strong resistance area (58550~59065).
If it can breakout and 1st targetwill be 1 (64990)
2nd targetwill be 1.272~1.382 (70966.5~73383.5)
It is still in bullish channel and still in bullish market
It tested the blue area 58550~59065 twice and drop down .
The drop down didn't break the head and shoulder pattern and try to get support at the neck line.
I thought it might try to test the blue area or breakout after horizontal price...
After touched ATH(238.2) and it bumpy in falling wedge.
If it can break out purple bearish trend line and stop loss at red line (130.00)
1st target will be 1(238.20)
And if close higher than 1(238.20)
2nd target will be 1.272~1.382(283.04~301.17)
3rd target will be 2(403.04)
It tried to breakout the neck line of double top but got the strong support at 1(53424.5) .
We got a hammer with mark No.1 in the support area and I alter the bullish trend line from purple to green.
The mark No.2
It is a bearish candle with high volume.
There is a strong pressure area from the HIGH (59065) to my pressure (58550) with blue.
It drop down from ATH (335.76) and rebound at red line (227.02)
Price was bumpy in the blue area 247 to 244.41 and it also the highest point of double bottom
With the Vegas Tunnel strategy
The close is higher than 12 EMA and stop loss at red line (227.02)
1st target would be 1(335.76)
2nd target would be...
It went down and rebound from 0.5(60251)
The blue area also be the neck line of head and shoulders
There are 2 candles with long lower shadow on 55 EMA
I thought it getting support from 55 EMA
It is still bullish
We can wait for breakout purple bearish line and try to touch ATH or get the new ATH
It brokeout the purple bearish channel
If it can go up 1(3.666) and the cup and handle pattern will be
It broke out the triangle pattern but candle had long upper shadow
The low risk way is looking for breaking out in 1H or 15M
Stop loss at the red line (14.250)
1st target will be 1(22.4)
2nd target will be 1.272~1.382(27.1392~29.0558)
3rd target will be 1.618(33.1677)
It test 0.618(0.34135) many times and breakout the green triangle pattern
The stop loss at red line (0.30871)
1st target will be 1(1.21)
2nd target will be 1.272~1.382(0.68734~0.74553)
3rd target will be 1.618(0.87039)
If it can breakout the purple bearish channel
and stop loss at the red line (0.8357)
1st target will be 1(1.21)
If 4H close higher than 1(1.21)
The cup and handle pattern will be confirm
2nd target will be 1.272~1.382(1.4869~1.5989)
3rd target will be 1.618(1.8391)