Is it the another smile curve?
Let's back to the end of last year(2018) VS current development
2018--A temp breakup 50 days MA, then drop back.
2019--two temp brakup 50 days MA, drop 2 times lower than 50 DMA.
Let's have a closer look to current development:
--third breakup 50 DMA
--50 DMA has been turning up for 3 days.
--price development facing big pressure
i.e. log long-term view, and this pressure is parallel to previous log view long term pressure line
--336 days DMA is going up.
--Narrow range trading and Forming a triangle flag pattern.
Best Guess for Next Development: maybe will take around 10 or 15 days narrow RANG trading for absorbing the locked up floating volume, then breakup the major pressure line.
Then SMILE curve is forming once again......
Let's back to the end of last year(2018) VS current development
2018--A temp breakup 50 days MA, then drop back.
2019--two temp brakup 50 days MA, drop 2 times lower than 50 DMA.
--third breakup 50 DMA
--50 DMA has been turning up for 3 days.
--price development facing big pressure
i.e. log long-term view, and this pressure is parallel to previous log view long term pressure line
--336 days DMA is going up.
--Narrow range trading and Forming a triangle flag pattern.
Best Guess for Next Development: maybe will take around 10 or 15 days narrow RANG trading for absorbing the locked up floating volume, then breakup the major pressure line.
Then SMILE curve is forming once again......
