short retracement looks like has been completed, its a confident bullish with the morning gap appears. Long wick rejection at previous tf Weekly showing the supply is cleared for buyer, zone 0.525 ~ 0.540.
its called retracement. Impulse movement still uptrend. sometimes hv to measure by analyze the bigger tf for better figure, such weekly tf. Big shark normally will looks for high liquidity to fullfill the order before pushing higher. Instead of following the microeconomic fundamental, chart analysis also need to be strong, such cs behaviour.
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ktrader
1,898 posts
Posted by ktrader > 2023-03-17 20:46 | Report Abuse
Agree...cash rich. I reckon its going to be similar to the recent flush out...only to immediately surged up strongly to 0.64 , highest today.