TAIEX - Bear Flag in a downtrend
Comment :
1) TrendX+ - candlestick has broke down the red mid-term trendline indicating a mid-term downtrend on-the-go
2) DDX+ - mid-term downtrend, take precautions if broke down zero-axis
3) MCDX+ - banker bar turned weak while retailer bar reappear
4) TAIEX has a bear flag pattern after a tremendous fall since the peak in May 2022. And today, it has broke down the below the bear flag, reacting after Fed chief comments spark selloff
5) In monthly chart, TAIEX has broke below the neckline in June 2022, next target would go around 12517
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
1) TrendX+ - candlestick has broke down the red mid-term trendline indicating a mid-term downtrend on-the-go
2) DDX+ - mid-term downtrend, take precautions if broke down zero-axis
3) MCDX+ - banker bar turned weak while retailer bar reappear
4) TAIEX has a bear flag pattern after a tremendous fall since the peak in May 2022. And today, it has broke down the below the bear flag, reacting after Fed chief comments spark selloff
5) In monthly chart, TAIEX has broke below the neckline in June 2022, next target would go around 12517
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Comment:
Update on Daily chart
