The weekly chart shows another solid bullish candle declaring the victory of the bulls, completing an 11W breakout.
For bulls, I hope this is a continuation of the upward trend from November 24 or today, May, waiting for the moving averages to return and repair the slope before continuing to rise. For bears, I hope this starts to develop laterally and broadly.
Last week, it was said that the ally of the bears is time. Now, after the breakout, the situation has reversed. If the bears cannot quickly exert pressure to push the price back and form a top structure, then the market is likely to develop into a trend upward. Until it happens, do not predict where the top will be.
Operation Plan A few days ago, I also shared my thoughts and corresponding plans, so I'll just send a summary image.
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market
The weekly chart shows another solid bullish candle declaring the victory of the bulls, completing an 11W breakout.
For bulls, I hope this is a continuation of the upward trend from November 24 or today, May, waiting for the moving averages to return and repair the slope before continuing to rise. For bears, I hope this starts to develop laterally and broadly.
Last week, it was said that the ally of the bears is time. Now, after the breakout, the situation has reversed. If the bears cannot quickly exert pressure to push the price back and form a top structure, then the market is likely to develop into a trend upward. Until it happens, do not predict where the top will be.
Operation Plan
A few days ago, I also shared my thoughts and corresponding plans, so I'll just send a summary image.