Currently we printed a low during the sell off. What can we expect further.
A> A bounce to recent highs
B> Turn back to lower low with a higher RSI on the 1 hr
C> A new move up for new highs
So what can we see here:
1. First, in the upcoming hours, we'll have a strong momentum up to the neckline of the M pattern on the daily (blue line)
2. We'll graduately bleed back and excellerate in the end to create a low
3. After that a new bounce will be there
4. A new lower low will be created, but with a higher RSI than the one in step 2
5. After that we'll see a bounce again
6. We've created a W pattern then and can expect the market to retrace back to it
7. Further continuation up to create a new high
A> A bounce to recent highs
B> Turn back to lower low with a higher RSI on the 1 hr
C> A new move up for new highs
So what can we see here:
1. First, in the upcoming hours, we'll have a strong momentum up to the neckline of the M pattern on the daily (blue line)
2. We'll graduately bleed back and excellerate in the end to create a low
3. After that a new bounce will be there
4. A new lower low will be created, but with a higher RSI than the one in step 2
5. After that we'll see a bounce again
6. We've created a W pattern then and can expect the market to retrace back to it
7. Further continuation up to create a new high
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.