A five waves up-stream have begun at 2 Jul, after that we got three waves down.
We can see that the withdraw stopped on 9140 support line. The retracement rate is 60%.
Then a series of narrowing waves formed a trangile pattern.
So I think a new up-stream will start when the price hit the line above the pattern.
And we can except that the rise amount will be...
Actually, the peak of this wave should be higher in my opinion.
But, a "Black Swan" caused an unusual down.
It's nosense to analyst what the "Black Swan" is. My rise view does not change, "Black Swan" could have repressed the power of market once, BUT NOT FOREVER.
Watching without position now
As we can see, the price hit the support line and failed to continue down.
We can find a double bottom now.
So maybe the breakout what we are looking forward for a long time is coming soon .
Buy:9150 Stop:8950 Target1:9300
Hello, I'm Anne.
We got a rising trend over the past 4 days.
Unfortunately, we didn't broken the line of resistance 1 July.
As we can see, the high point even could not touch the top of the channel. The pwoer is lower and lower.
-In my opinion, a compelet trend need high or low points of the wave touch the channel line.If not, which means market sentiment be...