All bank sectors plummeted because of panic selling due to the announcement of Budget 2022. Will rebound to fill the gap along with FBMKLCI.
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
this is number 307... the trend has reversed since 22nd OCt 2021. It has broken below the previous "higher-low" candlestick and therefore has reversed the trend. SO now, the most practical trading strategy would be "short on rebound" until the change of the trend. After the short while of rebound, the market has shown "exhaustion" and now even daily chart is...
KLSE future index may resume its downtrend at around 1555 where this is the zone of ..1)Volume Profile's Valley ( Some traders only trade the "Peak" or "POC" of volume Profile. But the "valley" of Market profile could be "interpreted" as "Lesser" "Buyer or Seller". Depend on the "bias" of market sentiments overall trend 2)Closing the gap at round 1555 3) A...
KLCI future index is on its last leg to complete wave (E) ( Cyan /Light Blue).. The last leg of bullish contracting triangle correction. Price will rebound soon as price now close to :- 1) Volume Profile ( POC) ( Point of Control) at around 1517 AND 2) Daily Demand Zone (Cyan Rectangle Box).. 3) Dynamic cycle 4 ( cyan/light blue) reached soon 4) There is a...
Bigger picture - this cycle that started after the 1998 Asian financial crisis is coming to an end. Expecting a major 70-80% drop possibly in first half of 2022. Prior to this we may have a year-end rally and final melt-up in the US exchanges.
MYX:VITROX is looking set for a surge to the upside again, possibly to reach another new high upon breaking and staying above 19.16. Possible targets 21.40 and then 22.16 If you are interested in knowing why and how, drop me a message.
MYX:FKLI1! could be headed for another round to the upside IF it manages to break above 1606. Keeping stops tight at 1602.5 with a target area of 1618. Good luck.
Both Current KLCI index Price Dynamic Time Cycle No. 6 (cyan) AND Static Time Cycle (Red)(Dashed Curved Line) is pointing south.. Where the average low of the cycle will be due after 19 Nov 2021...
MYX:FKLI1! is looking to head higher IF it breaks and maintains above 1597.5 on the hourly. Targeting firstly 1608, and then 1614 thereabouts. Good luck
this is number 305... As what I have told frm the previous passage, the trend will reverse once the resistance of 1552.5-1563 has been breached. The momentum of uptrend continues on for fkli-oct and it closed abv the 1600 resistance tdy, 13th Oct 2021. It has turned into bull for both daily and hourly charts. SO now, the most practical trading strategy would be...
KLCI index price still in ranging and price may form a diamond/contracting triangle pattern before breakout for resuming uptrend..
Wong - mungkin ke 2.30 7 Ock 2021 volume yang banyak sokongan - 1.50 rendah yang lebih tinggi, uptrend
this is number 303... fkli-sept ended yesterday. Nothing much to report actually but it is still in downtrend for the fkli. It is downtrend and sideway as fkli-oct is more sensitive to the news events and market sentiment. Support is ranging frm 1513- 1524 and resistance frm 1552.5 - 1563. IF the price breaks above the 1552.5-1563 resistance, THEN it will retest...
Just finished corrective wave in Daily timeframe, broke up from downtrend channel ABC. H4 Timeframe : impulse wave 1 and heading to wave 2 right now I traded on impulse wave 3, looking for bullish trend soon !!! This is Elliott Wave !
KLCI may on last leg up to complete leading diagonal pattern in wave a (Cyan/Light Blue Circled). Where price could reach at around 2144 before more than 50% crash!? on Mid of 2022?
FKLI1! has some potential for a counter-trend reversal to the upside if it manages to break above the 1524 level or if it stays stead above this area. Targeting 1,544.5 in the short term.
KLCI may found major support at around 1515 where there is a confluence zone of 1) trend line (yellow dotted) resistance/support flip zone 2) Major Demand Zone