Tip 3: AM Bound Is Difficult to Continue
Tip 3: Soar in AS Time, but break out the rise starting point in EU Time, and then go down in the AM Time.
Tip 3 needs to meet four conditions as follows:
1. The price rockets quickly before UTC 2:00;
2. The price falls quickly or continuously to the starting point of previous rise before UTC 4:00;
3. The price rallies but no new high appears, and the rise starting point is broken out in EU Time or earlier;
4.The price keeps slowly falling in EU Time until UTC 11:00.
Usually, the price will continue to decline in AM Time. If the price rallies before AM Time(often at UTC 11:00-13:00), it is likely to be a bullish trap.It is good to sell at the pullback.
There are two good selling positions:
1. Pullback after the breakout of the rise starting point,usually it is the bottom to top location;
2. Rally in AM Time, usually it is the EU Time high point.
Tip 3 usually appears at the end of a long-term bullish quotation, and it may give signals the top is forming.The quick rise is just the final release of bull energy.
Tip 3 needs to meet four conditions as follows:
1. The price rockets quickly before UTC 2:00;
2. The price falls quickly or continuously to the starting point of previous rise before UTC 4:00;
3. The price rallies but no new high appears, and the rise starting point is broken out in EU Time or earlier;
4.The price keeps slowly falling in EU Time until UTC 11:00.
Usually, the price will continue to decline in AM Time. If the price rallies before AM Time(often at UTC 11:00-13:00), it is likely to be a bullish trap.It is good to sell at the pullback.
There are two good selling positions:
1. Pullback after the breakout of the rise starting point,usually it is the bottom to top location;
2. Rally in AM Time, usually it is the EU Time high point.
Tip 3 usually appears at the end of a long-term bullish quotation, and it may give signals the top is forming.The quick rise is just the final release of bull energy.
