$SKHYNIX Rallies sharply then falls back—was it a washout or a short-term top?
#美伊互袭油轮冲突升级
Hynix (海力士) had been lifting steadily from around 1270, all the way up; after breaking above 1350 it suddenly accelerated, reaching a peak at 1409.
But the moment the price touched just above 1400, profit-taking came in heavily. A single long bearish candle quickly dropped it back to around 1356.
This pullback happened very fast, suggesting that the sell pressure in the 1400–1410 area is heavier than expected.
However, looking at just one bearish candle, we still can’t directly confirm the market has topped.
The real breakout platform earlier was at 1340–1350. The current price has just returned to this zone to re-test support.
As long as 1350 holds and it can quickly reclaim 1370, this move looks more like a washout after a rally that ran too fast—after digesting the floating profits, there may still be room for another push higher.
First, look for 1380–1390.
If it can regain and hold above this range, bulls would have the qualification to challenge 1409–1420 again.
If there is a breakout with volume above 1420, the next leg of upside can be expected to continue toward around 1450.
But if 1350 is once again broken down on an hourly chart and it can’t be brought back, the nature of the move would change.
Then it won’t just be a normal pullback—there’s a chance the short-term high has already been made. You’d then need to continue watching for the downside at 1330–1320.
Right now the trend hasn’t fully turned bad, but the risk of chasing the price has become clearly much larger.
#日元突破155逼近年内新高
If it’s a washout or not—don’t focus on how scary the drop looks. Just look at whether there are still traders willing to buy and absorb at 1350.
$SNDK $MUU
#美伊互袭油轮冲突升级
Hynix (海力士) had been lifting steadily from around 1270, all the way up; after breaking above 1350 it suddenly accelerated, reaching a peak at 1409.
But the moment the price touched just above 1400, profit-taking came in heavily. A single long bearish candle quickly dropped it back to around 1356.
This pullback happened very fast, suggesting that the sell pressure in the 1400–1410 area is heavier than expected.
However, looking at just one bearish candle, we still can’t directly confirm the market has topped.
The real breakout platform earlier was at 1340–1350. The current price has just returned to this zone to re-test support.
As long as 1350 holds and it can quickly reclaim 1370, this move looks more like a washout after a rally that ran too fast—after digesting the floating profits, there may still be room for another push higher.
First, look for 1380–1390.
If it can regain and hold above this range, bulls would have the qualification to challenge 1409–1420 again.
If there is a breakout with volume above 1420, the next leg of upside can be expected to continue toward around 1450.
But if 1350 is once again broken down on an hourly chart and it can’t be brought back, the nature of the move would change.
Then it won’t just be a normal pullback—there’s a chance the short-term high has already been made. You’d then need to continue watching for the downside at 1330–1320.
Right now the trend hasn’t fully turned bad, but the risk of chasing the price has become clearly much larger.
#日元突破155逼近年内新高
If it’s a washout or not—don’t focus on how scary the drop looks. Just look at whether there are still traders willing to buy and absorb at 1350.
$SNDK $MUU
