AF: Bullish Engluf Week Trying Fo Gap-Fill

2020년 6월 5일

AF is trying to gap fill with a strong bullish engulf, it is trying to break 6. Weekly sell remains (RSI=43, MACD=-1.1, ADX=50) against recovering daily strong buy (RSI=70, MACD=0.1, ADX=36). The weekly pressure will be omitted if it breaks through Fib0.328(5.993).

A follow-through is needed. Long Still 4.5.

2020년 6월 5일

노트

Worth mentioning, this is a natural response post 6-red weeks. Thus, the buying pressure increasing, and I am not taking profit yet. It is either break-even or TP higher.

2020년 6월 16일

노트

AF touches break and heavy profit-taking happens at Fib0.328=5.99.

Development of this week will conclude the direction as long as 4.5 holds.

2020년 6월 16일

노트

Daily chart - first support test EMA50 post bullish engulf week.

Upside 5.2

Downside 4.5-3.8 zone.

2020년 8월 6일

노트

AF hits 3.8 and falls below. It is not retesting the key level and should consolidate between 3.3-4.5 where scalping will happen.

2020년 8월 31일

노트

AF is in range trade (3.3 - 4.5) good for scalping.

Long term, it should consolidate this year and continue next year mid and later.