Dnonce Trend Analysis:
Downtrend:
First the price trend went through a downturn creating a new low.
During this stage, MCDX is relatively low, below 25%.
It is a chips accumulation stage
First Wave:
Upon completion of accumulation, there was a first up where closing price breakout the neckline with volume, MCDX moved towards 50% level.
Completion of first wave up was followed by a consolidation-retrace, creating a higher low towards the end of retrace.
Second Wave:
Upon completion of consoldation-retrace, there was second wave up, breakout the neckline with volume.
During this stage, MCDX moved towards 75% level.
Third Wave:
Upon completion of retrace with lower volume, again, again there was breakout neckline with volume, with third wave up in progress.
At this stage, MCDX is higher than 75% moving towards 100%.
Disclaimer : This is purely a Technical Analysis study, no suggestion of buy/sell.
Downtrend:
First the price trend went through a downturn creating a new low.
During this stage, MCDX is relatively low, below 25%.
It is a chips accumulation stage
First Wave:
Upon completion of accumulation, there was a first up where closing price breakout the neckline with volume, MCDX moved towards 50% level.
Completion of first wave up was followed by a consolidation-retrace, creating a higher low towards the end of retrace.
Second Wave:
Upon completion of consoldation-retrace, there was second wave up, breakout the neckline with volume.
During this stage, MCDX moved towards 75% level.
Third Wave:
Upon completion of retrace with lower volume, again, again there was breakout neckline with volume, with third wave up in progress.
At this stage, MCDX is higher than 75% moving towards 100%.
Disclaimer : This is purely a Technical Analysis study, no suggestion of buy/sell.
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.