Market Quick Report: $EWT đ
Suggested direction: Consolidation
Entry: 110.8926-112.2674
Stop-loss reference: 107.8200
Target prices: 113.0121/114.1579/115.5900
Analysis: Wow, this EWT has really had me running myself ragged. Yesterday I was thinking I could use this pullback to get in, but I ended up getting trapped. This price action is like a random sketchâback and forth with no clear trend like a âfixed pillar.â On the EMA side, the crossover between 111.10 and 110.20 hasnât even formed yet. With this kind of market, itâs not exactly âeasyâ; itâs just torture. As for the RSI, the value at 85.5 is truly something elseâso frustrating. Itâs like an old workhorse, moving without making a fuss, and in this market itâs just deadly. So, thatâs what it isâgoing one way then the other. It looks like we still need to wait for a breakout or a breakdown before we can at least get some direction. Iâve said all this, and stillâsame old story: risk control is the most important. The stop-loss is set at 107.82. Everyone should adjust their position according to their own risk tolerance and what they can bear. Donât rush in and chase it laterâthen youâll just hurt from your own losses.
Note: Suggested stop-loss level: 107.820000. Please adjust your position size according to your own risk preference
#EWT
Suggested direction: Consolidation
Entry: 110.8926-112.2674
Stop-loss reference: 107.8200
Target prices: 113.0121/114.1579/115.5900
Analysis: Wow, this EWT has really had me running myself ragged. Yesterday I was thinking I could use this pullback to get in, but I ended up getting trapped. This price action is like a random sketchâback and forth with no clear trend like a âfixed pillar.â On the EMA side, the crossover between 111.10 and 110.20 hasnât even formed yet. With this kind of market, itâs not exactly âeasyâ; itâs just torture. As for the RSI, the value at 85.5 is truly something elseâso frustrating. Itâs like an old workhorse, moving without making a fuss, and in this market itâs just deadly. So, thatâs what it isâgoing one way then the other. It looks like we still need to wait for a breakout or a breakdown before we can at least get some direction. Iâve said all this, and stillâsame old story: risk control is the most important. The stop-loss is set at 107.82. Everyone should adjust their position according to their own risk tolerance and what they can bear. Donât rush in and chase it laterâthen youâll just hurt from your own losses.
Note: Suggested stop-loss level: 107.820000. Please adjust your position size according to your own risk preference
#EWT