A range was created between the two horizontal orange lines. There was an upthrust beginning at the blue flag. Price tried to go up after a retouch, but failed to have volume support and came back down.
You can see a Dark Cloud Cover followed by a Bearish engulfing which pushes back into the range.
Price consolidates in the bottom half of the range for a while. Most of the candle have long lower wicks.
The candle at the orange flag is a push and a close below the range. The next candle has volume and is the largest candle recently. It's a Bullish engulfing which extends from the bottom of the range and breaks and closes above the range. This is a strong bearish signal.
Price moves up, then comes back to retouch the top of the range which coincides with the 61.8% Fibb level.
Price eventually is able to reach the -27% Fibb level where it consolidates and the final candle closes at a new high.
You can see a Dark Cloud Cover followed by a Bearish engulfing which pushes back into the range.
Price consolidates in the bottom half of the range for a while. Most of the candle have long lower wicks.
The candle at the orange flag is a push and a close below the range. The next candle has volume and is the largest candle recently. It's a Bullish engulfing which extends from the bottom of the range and breaks and closes above the range. This is a strong bearish signal.
Price moves up, then comes back to retouch the top of the range which coincides with the 61.8% Fibb level.
Price eventually is able to reach the -27% Fibb level where it consolidates and the final candle closes at 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.