GEM weekly chart
GEM opens at 2566.84 this week and closes at 2367.40, down 7.10%. The trading volume has declined compared with last week, and has shrunk for three consecutive weeks and continues to run below the 5-week moving average. It is weak in the short term and the decline rate has not slowed down.
From the daily chart,
GEM daily chart,
Daily chart, rebounded from 2022\04\27 to 2022/07/08, which has 48 trading days. Due to the continuous lows, it can be considered that the adjustment from 2022/07/08 has continued to the present, and by 2022/09/16, there have been 49 trading days. The time and the upward cycle are basically the same. Although the decline speed is still very fast, it is considered to have fallen to a stop-fall window period from time to time.
From the 30-minute graph,
Start-up business The 30-minute chart of the board
2610-2803 is composed of 30-minute trading zone. The stock index is leaving this intensive trading zone.
. From the 5-minute chart,
. The GEM 5-minute chart
continued to fall after a little resistance at 2521-2569, and formed a bottom divergence at 2366.89. This bottom divergence should trigger a rebound
comprehensive weekly chart, daily chart, 30-minute chart, 5-minute chart
0 fell this week, but considering the symmetry in terms of time, the trend stopped falling and fluctuated. The decline since July 8 has wiped out more than half of the rise since April 27, exceeding the golden ratio by 61.8%. There is not much room for another decline at this time, but it will not rise soon because the decline is too fast. Even in this way, it should start at the bottom. Based on time and space considerations, I began to build positions on GEM etf.