Chart for celestial

Here is the chart for celestial today:



Today's closing price is at $1.31, which is shown in the picture below:



Take a look at the circle on the right side. The candle has a long wick and what does it mean? There are a few possibilities, which one of it is is the low volume today, and the weak push. Usually when this happens, it has a possibility that it will close below this price or close at same price tomorrow. Do take note that this is just a technical indicator and it really varies on the market itself. A sign of a bull is on the left circle, take a look at the white candle with a long wick tail. When this happens, it means that there is very strong support and it can be seen on the next day as well. However, this is not the only key factor to take note! Market sentiment is very important and it is critical to take note during the period as well.

The left circle which I indicated, is another thing I want to bring up. Looking at the big white candle and the black candle. For example, if it has made such a big surge after a few days, if the black candle close lower than its previous closing, this may indicate a sell signal. Next, the next position it should stabilise is at the 50MA (green) which is 1 of the major resistance point. Currently, it has traded below all its 20,50 and 200MA already, and trading within the 50% and 38.2% fibonacci line. My take on this is, either it will trade within the parallel channels I have indicated or the up trending channel with the 50MA till the 20MA touches the 50MA.

• MACD is almost below 0,
• RSI at close to 30%, and
• stochastics below 20%.

I also feel that it should take another 2-3 days to consolidate and there should be a breakout. Next to take note is china's policy implementations these few days and weeks.

Now, YEN/USD is currently at 110.73-110.74 - 0.64, which dropped back slightly again, which in my opinion is not stable yet. More indicators like the CPI will be available tonight after dow opens.

Currently, the subprime is not the key spook in the financial market in my opinion, but still inflation and deflation of USD as I have mentioned very early beforehand. Time lag between that period till now has caused this balloon to grow to this extent and now everyone feels the heat now.