nothingchangehere Chart Pattern Analysis Of DX1!

4 Haz

https://www.tradingview.com/x/L7irLwdk/

It seems that the bear market of DX1! had started earlier.
And the present market is most likely in a consolidation process.
That is a running downtrend flat.
The continuously increasing supply pressure and long candle body verified it.

The price touched a nearest support,
Every rebound of the market is a potential good place to short it there.

Perhaps, the following candles will test the upper limit of the channel,
or test the 0.5fib line of the nearest downtrend wave,
If there are signals of lacking demands or increasing supply pressure,
It will be a good place to short it.

When DX1! In a potential bearish market,
That means the other goods (such as Gold\Silver\Copper\BTC…) will most likely in the journey of another bull run.
I will try to hold and prepare for this change.

30 Haz

İşlem kapandı: durdurma seviyesi

I was expecting a bear market,
But unfortunately, I was totally wrong.

After the bullish candle K0,
The bull gap of K1 verified the bullish momentum,
And then, K2 and K3 tested K0 under sharply decreased volume,
It seems that the supply pressure had been absorbed by the bull force.

So, it is likely that the market here will choose an orientation to break up or fall down.
I am expecting the following candles break up the triangle.
If that finally come true,
That will not good for Gold\Copper\Silver or Bitcoin.