AI pattern trend, indicator analysis!
This position has gone out of the ascending triangle pattern.
The ascending triangle is a confirmation of the established direction, the high point does not move, and the low point is raised. This position just touches the upper pressure level of the triangle pattern. This wave of market needs us to observe carefully. As long as it breaks through the triangle range and stands firm, the pressure level of this wave of market is in the previous dense trading range (around 1.64).
Signal resonance: The short-term EMA5 bends down and crosses the long-term EMA20. The long-term EMA20 upward pattern has gone out of the short-term EMA5 and immediately pulled up after a slight break. Here we must also see whether it breaks through the triangle range.
The K line also went above the moving average MA20.
The swan spreads its wings (not necessarily take off) MACD zero axis below the golden cross, the fast line below the zero axis approaches the slow line, the retracement does not break, there is no dead cross, and the fast line rises again. The bottom pattern of the bulls, the main position building area, choose the opportunity to enter the market.
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The premise of the above analysis must be to break the triangle range, must stand firm, and prevent false breaks.