Chart Pattern Analysis Of Near.

2024年6月5日

https://www.tradingview.com/x/cZ61DJUD/

K2 and K3 is a bullish engulfing pattern,
And the decreasing supply pressure verified a potential uptrend here.
If K4 close upon the neck line under increasing volume,
It will be a good place to buy it there.

But, it is not safe to buy it at K3 immediately,
The increasing volume of K3 means the supply pressure still at high level.



K1 to K3 is a strong bullish morning star under increasing volume.
It is a good signal that the short-term downtrend had been reversed here.
But it must be verified by the following candles.

The bullish momentum must keep strong and the demand should not decrease.

The neck line is a potential good place to buy it there if the following candles successfully test it.

2024年6月6日

註釋

From K1 to K2,
The demand pressure is decreasing.
It is not a good signal.

If the following candles stay at high price area,
Or successfully retest the neck line under decreasing volume,
It will be a safe place to buy it.

2024年6月7日

註釋

K2 and K3 is a strong bearish engulfing pattern.
It verified the previous short-term downtrend.
But, the supply pressure is decreasing,
If the following candles retest the resistance under sharply increasing volume,
The previous short-term downtrend may recover its strength and expand.

At present, there is still not any good place to buy in.

2024年6月8日

交易結束：達到停損點

K2 is an over-selling candle,
It verified the nearest downtrend expanded or the downtrend is accelerating.
I didn’t expected such deep drop.

It is very likely that the following candles will consolidate here fore days Or Keep dropping.
Both of the two situations is a bad signal to long-term holders.