NAV price crashes further as we move towards beautiful afternoon. Sell pressure is killing NAV at the moment and many investors are losing interest. Red candle shows a spike that's pulling it downwards. Road to 3k is diminishing as investors hold their breath and hope for something bigger.
Dude, you're hilarious and your trade analysis is even funnier!
I'll let you in on a little tip; you need to look at more than just price candles to know what is happening in the market from a TA perspective.
Here's a plot of 12 hour candles and the Relative Strength Index:
This is called Hidden Bullish Divergence: http://www.babypips.com/school/high-school/trading-divergences/divergence-cheat-sheet.html
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Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips”
It's also potentially forming a Bullish Flag
I wouldn't be surprised with one more peak and dip to form a 3 driver pattern before we break our previous ATH.
The retracements are also perfectly lining up with Fibonacci levels:
All of this is completely normal in an uptrend. This is a very healthy position for price and we have barely even started!
Happy trading everyone!
Pakage what programme do you use for this analysis?
