Chart Pattern Analysis Of DX1!
K1 and K2 is a strong bearish dark cloud cover pattern,
If the following candles couldn’t close below K2 to verify the strong momentum.
It will be a good place to buy here.
If the following candles close upon the resistance,
It is a second good place to buy in.
K2 is also a potential right top of a large scale bearish double top pattern.
If K3 rebound under low volume,
It will be a good place to sell it there.
Buy-105.5/Stop-105.3/-Target-110
Commentaire:
K3 failed to close below K2 under increased volume.
If the following candles couldn’t close below the up gap of K2,
Another bear run will not likely start from K3.
A rebound from the uptrend line will keep climbing up.
The consolidation or potential bullish market of DX! is a bad signal to other goods.
K3 failed to close below K2 under increased volume.
If the following candles couldn’t close below the up gap of K2,
Another bear run will not likely start from K3.
A rebound from the uptrend line will keep climbing up.
The consolidation or potential bullish market of DX! is a bad signal to other goods.
Trade fermée: ordre d’arrêt atteint
K1 and K2 is a strong bullish morning star pattern.
It seems that the previous short-term downtrend had been reversed here.
A larger scale bullish head-shoulder pattern is on the way.
After breaking up the downtrend line,
K1 successfully tested the line under low volume,
Followed by an up gap and long candle body under increasing volume.
It seems that the following candles will keep pricing up to test the resistance.
The potential short-term bullish market is a bad signal to other goods.
Such as Gold\silver\BTC, they will likely stop climbing up and consolidate or even drop to test the lower price area.
The potential time frame is about two weeks.
Long-104.98/Stop-104.8/Target-106