ICEEUR:NCFJ2021 Although the price still on the above uptrend line, the price rally is losing steam. The waves are reaching the top. One or two times testing them to reach supply zone at 87-89 before losing seam and drop to approx 75.
Sektor Coal akan Mulai menunjukkan taringnya pada tahun 2021 ??
Using Bearish Cypher (Green) and Bearish Crab (Blue) as projection. And Impulsive Wave + Gann Fan as a confirmation. It will be cancel if the price break, close and stay under S2 Pivot Points (yearly) and 8/1 Gann Fan.
Coal has been on the rise and it is now at the same level as in 2012 before it collapse all the way to 50s in 2016. This prediction is a bit shabby, but I tried my best because this commodity has been supporting Indonesia's economy since late 2017, and another reason that this analysis is shabby because I'm not using the candle, I used Heikin Ashi in order to...