I still maintain my previous thesis,
my previous entry was shaken-out
I see the current price action, is on-going BUEC ( Phase D of Wyckoff Re-accmulation)
thus in view of that, i humbly initiated the position as attached
Pure Wyckoff
Several indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors...
Very interesting counter after 2 weeks of small retracing and now reaching 0.84 resistance line again.
If it break up 0.84, we will see it continue to surge up to 1.11, 1.29 and 1.60 zone in next 6 months.
Hi,
Latest BRENT OIL price on 4th Feb 2022 (6.05AM - (GMT+8) is above 90.00 USD per barrel, most likely O&G counter will in play, for UZMA, the resistant is 0.50, if price can break and maintain above the resistant at 0.50, can consider to entry above 0.50 (RBS - Resistant Become Support).
Where to TP? Fibo level 1.618 @ RM0.550 - RM0.555.
Where to CL? If...
uzma: multiple ns signal in between 0.640 to 0.695 area. sm is interested on this area..
the chart pattern is come with double bottom and done strong reversal on recently. price pullback and test with support.
uzma is under o&g theme. have a close look out on ukoil and usoil futures trend.👀👀
My expectation if price BO and closed above Downtrend line it will make Double Bottom.
CL if price below 0.585 (max Fibo retracement 0.382%).
#TAYOR MYX:UZMA
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK !
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
Just a prediction, traders may look for additional confirmation.
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#TAYOR
A strong rebound from the support area 0.555 following a nice Butterfly pattern. Seemed a trend reversal is on now. Anyone care to share their thoughts?
A nice butterfly pattern has formed. Seemed that there is a rebound off the support line 0.555 and if it this holds, it will be a bullish reversal trend. Care to share your thoughts?
