Trading Analysis:
Last Week's Movement:
-Observing the doji candle indicating a balance between buyers and sellers.
-It's important to be cautious as a doji can signal a reversal or continuation of the trend.
H1 Time Frame:
-Identifying the quasimodo pattern on the chart, often indicating a change in the market direction.
-Noticing divergence on the AO indicator, strengthening the view of a potential change in direction.
This Week's Market Prediction:
-Confidence that the market will transition from an uptrend to a downtrend.
-The breakout from the lower trendline suggests a possible trend reversal.
-The current market correction needs to be observed as part of the directional change process.
-Additionally, bearish divergence has been identified, where the price is reaching higher highs while the technical indicator is making lower highs. This indicates a weakening momentum despite the bullish sentiment in the market, increasing the likelihood of a rapid decline in prices.
Last Week's Movement:
-Observing the doji candle indicating a balance between buyers and sellers.
-It's important to be cautious as a doji can signal a reversal or continuation of the trend.
H1 Time Frame:
-Identifying the quasimodo pattern on the chart, often indicating a change in the market direction.
-Noticing divergence on the AO indicator, strengthening the view of a potential change in direction.
This Week's Market Prediction:
-Confidence that the market will transition from an uptrend to a downtrend.
-The breakout from the lower trendline suggests a possible trend reversal.
-The current market correction needs to be observed as part of the directional change process.
-Additionally, bearish divergence has been identified, where the price is reaching higher highs while the technical indicator is making lower highs. This indicates a weakening momentum despite the bullish sentiment in the market, increasing the likelihood of a rapid decline in prices.
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.