Tip 4: Slump in AS Time, but break out the decline starting point in EU Time, and then go up in the AM Time.
Tip 4 needs to meet four conditions as follows:
1. The price slumps quickly before UTC 2:00;
2. The price rallies quickly or continuously to the starting point of previous drop in two hours;
3. The price rally breaks out the drop starting point in EU Time or earlier and pulls it back to form a top to bottom.
4. The price keeps slowly rising in EU Time until UTC 11:00.
Usually, the price will continue to rise in AM Time. If the price drops before AM Time(often at UTC 11:00-13:00), it is likely to be a bearish trap.
There are two good buying positions:
1. Pullback after the breakout of the drop starting point,usually it is the bottom to top location;
2. Drop in AM Time, usually it is above the EU Time low point.
Tip 4 usually appears at the end of a long-term bearish quotation, and it may give signals the bottom has formed.The quick slump is just the final release of bear energy.
Tip 4 needs to meet four conditions as follows:
1. The price slumps quickly before UTC 2:00;
2. The price rallies quickly or continuously to the starting point of previous drop in two hours;
3. The price rally breaks out the drop starting point in EU Time or earlier and pulls it back to form a top to bottom.
4. The price keeps slowly rising in EU Time until UTC 11:00.
Usually, the price will continue to rise in AM Time. If the price drops before AM Time(often at UTC 11:00-13:00), it is likely to be a bearish trap.
There are two good buying positions:
1. Pullback after the breakout of the drop starting point,usually it is the bottom to top location;
2. Drop in AM Time, usually it is above the EU Time low point.
Tip 4 usually appears at the end of a long-term bearish quotation, and it may give signals the bottom has formed.The quick slump is just the final release of bear energy.
