TradingView
traderfizfx
Mar 27, 2022 3:21 PM

RISING WEDGE (BUYER WEAKENING) Short

FTSE Bursa Malaysia KLCI IndexFTSE

Description

Buyer slowing down to push the price higher as it is in the supply area that haven’t be broken previously. To expect price will move lower for the next few weeks ahead.

Trade closed: target reached

As forecasted, price sell off with strong downside momentum
Comments
Pandu1
T you 4 ur forecast. What will happen after the price nosedived?
traderfizfx
@Pandu1, strong downside movement probably due to profit taking. Price might be retest back around 1600 (lower chance). if price failed to hold 1580, might be it will break below and going to 1557.
Pandu1
@traderfizfx, tq Bro. Latest news Russia might stop d war with Ukraine. As a result oil gold n everything will nosedive.
traderfizfx
@Pandu1, thank you for your fundamental insight :)
Pandu1
@traderfizfx, u r most welcome bro.
More