Review from last session (4/27): There were two orange arrows indicating a similar magnitude to the AB=CD pattern, which leaned towards a 5-wave structure. However, the possibility of human intervention was high due to the first wave breaking. Additionally, the volume did not increase, which is another indication of intervention. There was a symmetrical pattern in the structure, and if it is valid, there is a chance of touching the upper side. At the same time, the 5-wave structure is completed.
However, it is uncertain whether there will be a big pullback before another attack. If there is, it is important to pay attention to the three red lines in the white arrow.
The downward trend line (left to right) has a high degree of stickiness, and it is likely to oscillate back and forth. The departure volume will be strong.
The line below the upward trend is the key to whether the bull will continue or not. If it breaks, be cautious of the bear's comeback. However, the pullback should not be too deep. In principle, it should be within the light-colored box or touch the orange Yin-Yang line to continue the attack.
The line above is the bullish pressure. If it cannot be attacked, there is a high probability of a quick pullback.
As expected, it came back to touch the orange line and bounced back. There is a chance of short-term attack.
Let's talk about the overall direction first. I changed the highly sticky red line to purple (some people said it would be easier to understand if I changed the color). When attacking again, pay special attention to this line. If it is unsuccessful, it will be a disaster. Especially if tested multiple times, the reaction will be more intense. In principle, whether it is up or down, it is within the range of the two red lines.
In judging, pay attention to whether the volume has increased. If the volume is still shrinking, be careful when attacking.
In the short term, pay attention to whether the short orange line can stand on the retracement and continue to attack. If it can reach the long orange line, it is normal to start the market. Stop loss can be set at the dotted line or short orange line. It depends on individual tolerance.
In principle, it is still bullish until June. However, there will still be some fluctuations in the short term. The key to stop loss is to control risk. Although it may miss some opportunities, it will not lose in the long run.
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