https://www.tradingview.com/x/S09EQbdK/
After K1 breaking up the uptrend channel,
The market accelerate to get away from the Channel.
Both the increasing demands and the expanding candle body verified the strength of the potential bullish wave(3).
Perhaps, K4 will keep climbing up to get to the end of wave(3) at about 4.4K area.
If I bought it earlier,
I will try to decrease my long-term positions there.
Of course,
The expensive metals are still in the long-term bull market,
At least, it will last for one more year.
After K1 breaking up the uptrend channel,
The market accelerate to get away from the Channel.
Both the increasing demands and the expanding candle body verified the strength of the potential bullish wave(3).
Perhaps, K4 will keep climbing up to get to the end of wave(3) at about 4.4K area.
If I bought it earlier,
I will try to decrease my long-term positions there.
Of course,
The expensive metals are still in the long-term bull market,
At least, it will last for one more year.
Anmerkung
From K7 to K9,
It is a three soldiers advancing pattern,
It verified a bullish market.
A nearest resistance at about 4600-5000USD area.
I will keep cutting off my leverage positions from 4200-5000USD to avoid a potential risk of a retreat.
I have leverage positions at XAUT\SHNY\AGQ.
A 30% sharp drop happened at the perpetual contract(PAXG/USDT) of Binance Market.
The price shock started from 3000USD to 5100USD.
It is really a disaster to the contract traders.
I am expecting a retest to the 4000USD area months later.
I will try to buy back then.
Anmerkung
From K1 to K3,
It is a three soldiers stalled pattern Under sharply increased supply pressure.
It verified a potential resistance area at about 4.3K-4.4K USD.
It seems that a large scale consolidation will start here.
If the following candles fall to test 3.8K area,
It will be a good opportunity to buy in,
And if the following candles price up to test 4.2K-4.4K area,
I will try to get out of the market.
I don’t think the long-term bull market will be terminated here,
It is still a bull market of the expensive metals.
Anmerkung
K3 and K4 is a strong bearish tweezers Top pattern under sharply increasing supply pressure.
The bullish momentum of K1 to K3(a three soldiers advancing pattern) turned to be more neutral here.
Perhaps it is a start of larger scale consolidation.
So, if the following candles price up to test 41.5K-44K area,
I will try to decrease my long-term positions.
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.