after breaking down the big picture or the so-called the "bird's-eye view" frm daily chart, now we go to the lower timeframe at hourly chart... if the support level frm 3600-3645 can hold, then there is still a possibility that the market will rebound back...so till then, officially fcpo is in uptrend...yeah, I know, I know...we have a huge drop today...it didn't...
frm daily chart, we can look at the range for fcpo which is formed within a huge range frm 3200-3880...a 680-pts range... as for what has happened today, if a lower-high is formed (today a gap-up-went-down hits as high as 3820 before going down all the way to close at 3670) at 3820, then the previous 3880 became a history, and then we look closely at 3200, the...
long story short---2 updates... 1) bearish cypher pattern becomes invalid as the X leg is violated... 2) the resistance level of 3720 has been breached...so long on retracement now...bull is back *plan your trade and trade your plan... gud luck* resistance : 3830-3880---previous high support : 3720 resistance-turn-support WARNING! RISK DISCLAIMER :...
Juz as I thought the fcpo-may is going to go down, it went up straight away and ...still haven't proved me wrong... don't get this on the wrong side...this is not emotional, I am not trying to save my sorry arse...as long as the price didn't pass the previous high at 3720, we still don't know whether this is still a bearish call or a bullish call...however, if...
after getting "stuck" at 1615 for 2 days, fkli-feb turned to the downside, and now we are at a crossroad...1575... if the price rebound frm here, then we might see a sideway movement or continuation of uptrend...but further below this then the price creates a new structure low and will continue further down... bcox the daily chart is still in downtrend, therefore...
based on my analyst on 16th Feb 21, as long as the support range frm 3500-3540 hold, then we have a chance to see a rebound to further high, but unfortunately, that support level didn't hold. Instead, a breakout frm a classic head-and-shoulder pattern appears and a reversal has happened...the "neckline"---3540 has been broken down, and new low reached...
FKLI Index price consolidated past 1-2weeks, between 157x-160x range. Bears in control following multiple fail test of 1600 crucial Resistance mark. Staying below Major R: 159x-161x will see bear attempt to push price back to range low 155x-7x or to lower S1 area. 🔔Underlying Support: 155x-7x ; 153x ; 150x ❇️❇️Q1 Outlook: Attempt to breakdown to Major S1......
new fcpo-may has arrived... see if the region of 3500-3540 will hold or not...if it holds, then most probably continues higher... if that region of support doesn't hold, then reversal might happen... in the midterm, fcpo is still in uptrend... that is the brief tdy... *plan your trade and trade your plan... gud luck* resistance : 3700-3722 support : ...
"A" leg of the advanced pattern bullish bat pattern has been violated. therefore, no more advanced pattern. most probably fkli will continue to go higher, as more higher-highs are formed in hourly chart... as for Chinese, Hapi Chinese New Year.... *plan your trade and trade your plan... gud luck* resistance : 1615 immediate support : 1594 lower support ...
this is trade 262 frm haidojo trading... due to the recent sideway market, yesterday I spotted another advanced pattern. A better risk reward and bullish bat pattern... entry is at the support level--1560, SL below 1554, 1st tp 1570-75, 2nd tp 1586...but I am not so keen on the second tp on this one... sideway market is not suitable for holding position-sizing,...
this is haidojo and the number is 261 ... instead of staying in the tight range and bouncing up and down, fcpo-apr has made a significant level by creating a new structure high, thus it is sideway market no more, now uptrend has come back...the bull is back! so the advanced patterns are no longer valid, and now the expectation is on whether the price shoots up...
CPO price consolidated past 1-2weeks, supported above UTL & major EMA , bulls took back control by end-Jan. Staying >320x-2x support will see price attempt to regain 3500 & 3600 resistance levels. Expect volatile sideways-up situation for coming 1,2weeks till market resume after CNY 🧧🏮 🔔 Overhead Resistance: 344x-9x, 354x-8x ❇️❇️Longterm Outlook: R2 tested,...
his is haidojo and the number is 260 ... a possible formation of bearish gartley pattern near the resistance level- yes, this is called "deep gartley" pattern... entry 3480- 3494, SL abv 3500, 1st tp 3370, 2nd tp 3305... another one is ....? dunno yet, but possible another gartley pattern or bat pattern...but a bullish one... so this one stays put first... so,...
his is haidojo and the number is 259 ... fcpo-apr shows another round of sideway market now...so what to do now is bracketing the market... set up the high---resistance and the-low---support... then in the middle what might happen is formation of advanced pattern in between... (the one I draw with yellow-color)... if the price breaks higher than the resistance-...
this is haidojo and the number is 258 ... juz as bull seems like coming back and all things look shiny and glittering, all of sudden today we had a 80-pts gap down and went down... at last, it closed at -160pts++ frm the previous day... so now market is going down, unless the resistance 3460 is reverse, then we might have otherwise... watch closely as the support...
this is trade 257 frm haidojo trading... my opinion really is bearish for the market especially fkli and stocks...but what to do? market and its participants have other idea... basically, this is sideway market...we will have sudden ups and sudden downs in fkli...until significant level of resistance and support is broken... now, I spot a bullish cypher pattern...
this is trade 256 frm haidojo trading... today is the last day of fkli-jan...it closed lower at 1560-65...again, pop quiz frm previous trade... option 2 hits the situation and it sounds like this... 2)retest high ranging frm 1593-1604, but reverses lower than 1573, creating lower-low... quote frm earlier trade... and as predicted, it really hit higher back to...
this is haidojo and the number is 255 ... today, another day of continuous uptrend...price hits higher than the 3450 resistance and stopped close to 100-pts abv previous close... so, officially, the bull is back...wait for long/buy on retracement, that's the higher percentage trading now... those who are looking for counter-trend might wanto hold your horses...