https://tradingview.sweetlogin.com/x/tPIOYsKb/
From K2 to K4,
It is a strong bullish three soldiers advancing pattern with increasing demands.
It is likely that K4 will close upon the high price area.
And, it is likely to be a valid break up here.
The potential target is about 127-130K after 3 weeks.
On the other hand,
Compared to the nearest motive move,
The demands keeps at the lowest level.
It is an early signal of weakness.
Perhaps this is a final motive wave.
I will try to get out of the market and even try to short it if the following candles move to the upper limit of the uptrend channel.
Also, I am expecting a doji candle of K5 to test the neck line.
It is a potential good place to buy it there.
Long-115518/Stop-111K/Target-127K
Long-114388/Stop-111K/Target-134K
From K2 to K4,
It is a strong bullish three soldiers advancing pattern with increasing demands.
It is likely that K4 will close upon the high price area.
And, it is likely to be a valid break up here.
The potential target is about 127-130K after 3 weeks.
On the other hand,
Compared to the nearest motive move,
The demands keeps at the lowest level.
It is an early signal of weakness.
Perhaps this is a final motive wave.
I will try to get out of the market and even try to short it if the following candles move to the upper limit of the uptrend channel.
Also, I am expecting a doji candle of K5 to test the neck line.
It is a potential good place to buy it there.
Long-115518/Stop-111K/Target-127K
Long-114388/Stop-111K/Target-134K
Trade active
From K1to K3,
It is a strong bullish three soldiers stalled pattern with increasing demands.
It is likely that K4 will close upon the high price area.
And, it is likely to be a valid break up and an accelerate motive wave here.
The potential target of the double bottom consolidation pattern at about 121-128K after 3 weeks.
At the same time,
The supply pressure sharply increased at K2,
It is an early signal of weakness.
Perhaps a small scale running flat pattern will consolidate around the upper limit of the channel,
And then, the market will keep accelerating.
I will try to get out of the market and even try to short it if the following candles move to 125K area.
Long-115888/Stop-111K/Target-127K
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.
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.