DNEX Triangle pattern formed, waiting for breakout to the upside or downside. A very typical chart pattern.
Trade ideas
DNEX Symmetrical Triangle Pattern (monitor for BO)Pattern: Symmetrical Triangle (wait for BO)
MACD GC towards 0
RSI>50 STO>50
HA: uptrend Green >MA5
ADX:+ve
MOM: >0
MA: 20/50 cross & >200
FI: +ve
PSAR: Uptrend
CP: 0.77 (25/10)
TP: 0.83/0.865(FIBO)/0.925/.995
CL: 0.735/0.705
Dnex exhibits beautiful chart patternPredicted if price can break out above triangle pattern, Dnex could hit above 52 week high
DNEX - TRIANGLE COMPLETED!After frustrating correction movement, now here we go.
Wave E of Triangle is completed.
Next week would be a game changer for DNEX.
Good luck.
Dnex pending breakout?After massive surge in january 2021, price was unable to break the psychology price of RM1.00 resulting in downtrend and sideway until today
Chart making nice flag pattern and break the upper trendline once with volume on 23 sept however fall back immediately after that .
This can be due to US market sentiment
Price further fallback and manage to stop at the lower trend line despite price break down both 20/50MA.
At the moment, if price drop and stay below the lower trend line, counter might go into down trend. Despite that, current price is really a bargain entry point.
Recent FA/QR looks promising.. however the next QR is the one people most anticipate looking forward to see.
Will DNEX reach RM1.00 again?
I let u guys to answer.
CL : price drop below 740
DNEX COMFIRMATION BO DTLMy plan as stated in chart.
Target by using Crab pattern around 1.618% (gren line).
CL if BO below C level (red line).
#TAYOR MYX:DNEX
Enter Price (EP) for DNEX?Using Fibonacci Retracement to predict DNEX potential lowest price when the price will rebound back at 0.700. MACD and OBV charts confirmed it is a downtrend pattern. If you want to enter then please consider a short trade bid or Buy Today Sell Tomorrow (BTST). Put DNEX in your WL and watch out for the probability DNEX will rebound back when it hit 0.700.
R 0.835
S 0.770 MA20
Enter in the right positionWeek graph analysis for the long-term player. Don't get trap, Good luck my fellow friend
DNEX - BREAKOUT SYMMETRICAL TRIANGLEDNEX on long TF has breakout from symmetrical triangle.
RSI is at 80 currently showing it is coming to an overbought.
A short break or accumulation at 0.805 range would be nice for RBS before moving up again.
Current price also is a upper BB showing some might take profit & wait for a pullback at mid BB or RBS. Overall Dnex is still looking good for a long term.
#TAYOR
DNEX Bullish Pennant Pattern 25.9.2021(25.9.2021) DNEX breakout bullish pennant pattern.
Disclaimer: The idea is for educational purpose only. Not a buy call. Trade at your own risk.
DNEXEntry Point resistance 0.84
Profit Target min 1.03
Stop Loss 0.78
#JerungDetector #DeepagiScreener #TAYOR
DNEX : Starting wave 1 ?? Dnex seems like ending contracting bottom rising triangles and the indicator shows on starting of impulsive wave.
If the price breakout at 0.81 and will start wave 1 for impulsive wave.
Symmetrical Triangle BreakoutPotential bullish continuation. Looking for price to close above the trendline.
Entry at 0.74 or wait for confirmation of closing candle above the trendline.
Stop Loss at .66c - Profit Target 1.25
Is DNEX Rally Up?Using the Fibonacci chart the price of a body candle is already at 50%. With MA20 almost touching MA50. Hence, a high probability MA20 will be cross up MA50 if the trading end well today. Technical chart showing a long position strategy if MA20 crosses up MA50.
R 0.790
S 0.700
DNEX : Ascending TriangleDnex with triangle pattern
Entry price : 0.775 with strong momnetum,
TP 0.865
Incoming QR with suprise
DNEX ENDING CORRECTION WAVELooks like DNEX is completing the triangle correction pattern after completing wave 5. Observe rebound on the immediate trendline or may rebound on the bottom of the triangle pattern for best entry. Stochastic shows movement towards OVERSOLD area and may create a BULLISH DIVERGENCE once it rebound. TRADE AT YOUR OWN RISK
Bye bye DNEX. long term selling wow!big trader had done their part and its very clear
accumulation completed
demand zone had been cleared
next? wait and see.
