New Year Resolution.

Have you set yours yet?

image of https://unsplash.com/@marslady

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Before you go for your holiday. Have you liquidate all your positions already.

Not to worry. If you are at a long position. Clear out your position as early before or on Thursday or Friday.

Weekly chart is showing a Gravestone Doji, which mean bear will continue after the holiday or the first week of January.

Gravestone Doji:

Also known as the reverse dragonfly, simply because it is flipped over!

The candlestick pattern shadow can be any length but the open and close are at or near the low of the day.

It can be a bearish reversal pattern, but is more often found within the downtrend, signalling that the downtrend is set to continue”.

Nikkei225 is range today and weekly chart is simillar to Gravestone Doji

Same to China50 is range and the weekly chart is showing Gravestone Doji look a like.

China News

China’s December manufacturing activity contracts even more than expected

European region exchange is all close for Holiday.

FTSE100 is range too today morning futures opening.

She might rally this week, maybe on Thursday or Friday.

Her weekly chart has a hanging-man candle-stick look alike.

That might affect the European market Thusday Friday to rally.

Cautious that week 2 the bear might signal to continue.

Coins

BTC is forming a flag range and will swing up after the holiday and expected the price to hit between 4500 and 6000.

USD will continue bear and help the coins to go up further.

Forex

GBP/USD has a Spining-Top look alike Candle-Stick and might fall after the holiday.

USD/JPY has a Gravestone-Doji Candle-Stick and will continue the bear despite the reversal signal.

US Market

A market bull sees years left in the rally, but if the Dow breaks this level, he says: ‘Watch out’

The US Indices chart, all have a indecision-candle and hanging-man candle-stick look alike.

Weekly chart is positive for next 2 week before any possible trend.

Be back for more updates later.

Image source unsplash.com

Thank you

Tangoh

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