Tomorrow's thrust-up strategy for longer at the start of the week
Will this be a Long-Watahaha week?
Looking at the weekly chart, it appears a bit weak, but a thrust-up and a bullish engulfing pattern have appeared
The thrust-upindicates that the upward momentum is strong
When thrust-ups appear consecutively, it shows that the upward momentum is strong, and this is used as a criterion for decision-making when trading on a trend-following basis
A bullish engulfing pattern is a price action pattern that forms as the body of the previous day’s candlestick (open to close) is enveloped by the current day’s candlestick.
There are two patterns of bullish engulfing.
•A pattern where a bullish candle follows a bearish candle: potential strong trend reversal
• A pattern where a bearish candle follows a bullish candle: potential strong selling signal
A lot of swing traders might be optimistic?
As I pointed out yesterday,
looking at the daily and 4-hour charts
is the bottoming long formation forming?
Daily chart
4-hour chart
GMMA is showing upward movement
In the short term
5-minute chart
1-minute chart
A chart pattern that seems to be turning down
U.S. 10-year yield also seems likely to fall
Tomorrow is a holiday in Japan, but
I’d like to long at the short-term pullback
I’m secretly waiting with my mouth open at 143.xx
Will it come?
Tomorrow, I will check the charts and let you know in the group line
Good night
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