Last week, the PetroChina share price continued its downward trend and has now reached the level at which it should form the low of the blue wave (iv) in our primary scenario. Consequently, it should soon stabilize and stop its downward movement. With the low in its pocket, a further rise is then on the cards to complete the turquoise wave 4. Only when this...
A move on the Wave C in the suspect zigzag here is somewhat premature. Given that, data shows that this should happen anyway. This Wave B is unlikely to be a strong one, given the time and the moves that passed. Fibonacci is as always a very useful tool in showing us where we might be going. Time will tell us how low exactly we will descend if we are indeed.
We...
Wednesday, 23 June 2021
16:23 PM (WIB)
Everything still looks good.
The upside movement is on impulsive.
But need to carefully at 0.618 F as it could be shift on moving direction.
The target still at $6.5
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Wednesday, 9 June 2021
13:25 PM (WIB)
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally.
It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments.
The Exploration and...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Action/Reaction is the purest form of Fork Trading.
The blue & white lines are taken from the past swings.
As you can see, price reacts at these levels.
Currently there is a high chance that price could hold at the blue reaction line and therefore move its way to the north.
Babson made over $50'000'000 back in the 1900!!
Years ago I thought, this technique...
