KNC TA - weekly chart

2021年1月16日

Rules:
- Retracement should be about one-third of two-thirds of the previous move
- Same rule is applied to the time 1/3 – 2/3
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1 to 2 – Upward movement taken about 1 week
2 to 3 – Downward movement, approximately 3 weeks, bearish trend, not the previous rising movement last 1/3 of this one.
3 to 4 – Upward movement, approximately 6 weeks, it is a crucial point due to longer period to build up in comparison to previous movement, probable trend reversal. Buying zone with a stop limit positioned at lowest value of point 3.
4 to 5 – Retracement from previous bullish trend, approximately 2 weeks, in accordance to the rule, 2 weeks of 6 weeks = 2/3 of time retraction.
5 to 6 – continuous of bullish trend. About 5 weeks.
6 to 7 – Correction, about 2 weeks. 2/5 = 0.4 = between 1/3 and 2/3, rule is respected.
7 to 8 – short bullish trend of two weeks, at this point trader must start pain attention for a possible reversal.
8 to 9 – 4 weeks bearish trend, period longer than previous one breaking a sequence of short periods of corrections. However trough left still is higher than previous one, zone must be taken into consideration for a possible selling zone.
9 to 10 – 3 weeks of a bullish trend leaving the same peak as previous one, reversal signal, it can be sold here to make profit or wait until the confirmation of reversal trend.
10 – 11 – long bearish trend of 7 weeks, crossing the last through left in point 9, indicating the confirmation of a reversion, selling zone can be previously stablished putting a stop limit on point 9 and profit is masking between 10 and 11.
11 to 12 – Correction of 2 weeks from previous movement.
12 to 13 – 4 weeks of bearish trend continuation leaving an important through at point 13.
13 to 14 – Crucial point: Bearish trend of 4 weeks, longer than previous bullish trend, breaking 1/3 to 2/3 rule of retraction in time. In addition ascending peak compared to the previous one.
14 to 15 – Buying zone: 5 weeks of bearish trend breaking the rule of correction again and leaving a through higher than previous one, possible buying is to be executed in point 15, putting a stop limit in point 13.