First it was an Evening star that failed. Next a Dark cloud that failed yet again.
Especially the dark cloud formation, it just temporarily offset the euphoria at 86.7 to rebalance the fear and greed.
The red marubozu just close on the 8ema and the low tested the uptrend time from mid-sept.
So far the uptrend remain strongly intact. In case the price does fall below the uptrend line, i anticipate support will comes in at around 85.11.
Hence we have 2 consecutive bearish reversal signal that never materialized.
We have a BULLISH bear, what a irony
P.S. 5 days ago, i shorted at 86.0 and when the red candle reached the trendline, i exited at 85.7 using hourly chart.
Cheers
Especially the dark cloud formation, it just temporarily offset the euphoria at 86.7 to rebalance the fear and greed.
The red marubozu just close on the 8ema and the low tested the uptrend time from mid-sept.
So far the uptrend remain strongly intact. In case the price does fall below the uptrend line, i anticipate support will comes in at around 85.11.
Hence we have 2 consecutive bearish reversal signal that never materialized.
We have a BULLISH bear, what a irony
P.S. 5 days ago, i shorted at 86.0 and when the red candle reached the trendline, i exited at 85.7 using hourly chart.
Cheers
