K5 break down the lower price of K0,
It verified a downtrend bear market is trying to expand down.
I have to close all my long positions at K4 to avoid the potential risk.
And also, I will try to short it around 0.382-0.5fib area.
If the following candles return back upon the uptrend line or K4,
I will try to buy back.
註釋
From K1 to K3,
It is a strong bearish three soldiers advancing pattern.
It is breaking the uptrend line and the neck line of a potential large scale bear head.
The newly born downtrend is obviously accelerating here.
If the following candles close below the neck line,
The previous three years bull market will be terminated here.
On the other hand,
If the following candles close upon K3,
I will try to buy back.
Short-91.8K/Stop-94.4K/Target-74K
Short-90.8K/Stop-94.4K/Target-74K
註釋
After K3 close below the neck line,
a potential bear head had been established.
The nearest six candles also verified a downtrend channel.
It is most likely that the nearest six months uptrend wave had been reversed.
The 0.382-0.5fib area is the potential support.
If the following candles fall to test 0.5fib area,
It will be valuable to buy then.
If the following candle rebound to test the neck line,
I will try to short it.
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