https://tradingview.sweetlogin.com/x/161YX6gu/
There are 4-5 candles consolidate around the resistance,
And the demands keep decreasing.
Compared to K3,
the demand at K4 increased, but it failed to close upon K3.
If K5 is a doji candle close at low price area,
Or,If K5 starts with a bear gap to close below K4,
It is likely that the following candles will fall to test 0.5fib area.
I will try to buy it there.
But now, I will cut off at least half of my long positions if I bought it earlier.
On the other hand,
It is also possible that K5 break up K4 and even close upon it.
That case will be out of my ability to take profit from it.
Short-107444/Stop-108444/Target-92K
There are 4-5 candles consolidate around the resistance,
And the demands keep decreasing.
Compared to K3,
the demand at K4 increased, but it failed to close upon K3.
If K5 is a doji candle close at low price area,
Or,If K5 starts with a bear gap to close below K4,
It is likely that the following candles will fall to test 0.5fib area.
I will try to buy it there.
But now, I will cut off at least half of my long positions if I bought it earlier.
On the other hand,
It is also possible that K5 break up K4 and even close upon it.
That case will be out of my ability to take profit from it.
Short-107444/Stop-108444/Target-92K
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.