Continued Sign of Bearish Trend
-Retracement R3 only reach 0.618 fib of Line C, show much weaker uptrend comparing to the previous retracement R1 & R2 as following:
-R1 retrace more than 0.786fib of Line A
-R2 retrace more than 0.786fib of Line B
- Candle sticks moving below MA 200
- Candle sticks moving below ichimoku
As of now, expect length of double top to be met at 22X. Longer term wise, Expect 1:1 of Line C at Lower Low 4 (LL4)
As of previous post:
-Magnitude of Downtrend Line B much stronger than Downtrend Line A
-Magnitude of Downtrend Line C similar to Downtrend B
Expect 1:1 of Line C at Lower Low 4 (LL4)
-Candlestick currently challenging MA200
-Retracement R3 only reach 0.618 fib of Line C, show much weaker uptrend comparing to the previous retracement R1 & R2 as following:
-R1 retrace more than 0.786fib of Line A
-R2 retrace more than 0.786fib of Line B
- Candle sticks moving below MA 200
- Candle sticks moving below ichimoku
As of now, expect length of double top to be met at 22X. Longer term wise, Expect 1:1 of Line C at Lower Low 4 (LL4)
As of previous post:
-Magnitude of Downtrend Line B much stronger than Downtrend Line A
-Magnitude of Downtrend Line C similar to Downtrend B
Expect 1:1 of Line C at Lower Low 4 (LL4)
-Candlestick currently challenging MA200
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