I am still firm that BTC is going downtrend for a long time.
Red Line - where the market making a short term reversal in a low timeframe
Green Line - is where the market making a bullish reversal
Blue Line - Is where the final momentum will reach before heading down. Profit taking shall be fully utilise at $54k - 55k the most.
My view for Crude Palm oil as follows.
1) Price will make a decline towards $4336 to $4330 area, making a new support area.
2) Price shall then make a rally and heads to $4500 area (plus minus ish)
3) before making a big drop to $4000 area
In conclusion, will look to make a quick 45ticks by shorting. After the 1st session break, i will look for a long...
Bullish is trying very hard to push against its 5 & 15 min resistance. Bullish volume in the 1HR chart seems to be working too hard with a little too less, or I can say a formation of Doji. However, the price just closed above the resistance, we will be looking closely at the next candle reaction, whether the bullish is getting weaker or stronger. Here some tip,...
My view on FCPO;
1) Price is to rally higher to the next Resistance level
2) Price is expecting to do a bullish reversal at the 0.5 fibo level which also respecting the previous resistance turn support level
Will enter into a position when price reaching 0.5 fibo and make a higher high. Targetting 170 to 175 ticks.
Price is making a consolidation/sideways, give it a couple of days, and I believe it will continue to break down and heading towards the trendline before heading its way up making a new high. Also if you look at the Daily & Weekly chart, u will see the presence of Seller, but u won't see it in 4 hours and below charts but they exist in Daily and above.
The pattern is currently doing a sideways or consolidation in 1 HR and below. It looks like the selling pressure is present unless if its breaks the red line resistance with a strong buying force. Other confluence for shorts are:
1) Pattern making a reversal at a 61.8 Fibo level
2) Seller coming in, can be seen in Volume
3) Bullish momentum getting less and...
The Godzilla will always find a resting place deep in the sea before it gains the energy to fight on the land. This is the same view I have with BTC, it looks like it loves its resting place at 200MA's before regaining its energy to rally. I am not saying that I am absolutely right, if I'm wrong then I am wrong. But looking at the pattern, still it couldn't...
Hey there. Just one question, do you see any buying pressure in the Volume Oscillator? No? Yeap me too, so we will strong on short. Price will make(finger cross) a reversal at the trendline and we will be exiting our position in the next resistance turn support.
P/S: My position was entered yesterday at 1412.6. The reason why I posted this is because some of my...
This is my view on MIcro Mini S&P.
Currently, there is less buyer coming into the market. Price is heading towards the 4250 - 4220 previous resistance zone/key level before the rally breaking the trendline.
Hey there. This stock has been on my radar since 2 weeks ago.
On the weekly chart, we might have a nice bullish engulfing closing for the day.
On the Daily, there is a nice rally which indicates that the "big player" is ready. I have entered my position at 0.745 today, and I am looking at 3 to 4 weeks of holding this stock with a good 20% return.
Bear in mind,...
Recent price (1HR) has managed to close above the resistance area. 15 minutes before market closed, price has made a bullish reversal in 5 minute time-frame. My target is 140 ticks above till the next resistance level. Good luck.
Looking for confluence between Malaysia Index and the Hartalega stock. Both currently at the previous SNR zone which can be an early signal for a bullish reversal. We will wait and analyze for a reversal + engulfing candle at the possible support area.
The consolidation period in the KLCI chart may be caused by the recent MCO announced by the government. It may trigger an alarm as the support area has been tested four times. Next is to monitor if the price rejecting or vice versa at the 50 SMA (red) level.
My view on RUBBEREX are:
1) Weekly Stoch is on a bullish reversal
2) Price is currently testing on a support level
3) My presumption that the price will go to the next major support at 2.030. But I will look to take out my profit at 6% from my entry price (1.670)
4) Average EPS
5) Financial report looks impressive