Spring phase completed with the buyers become strong and beat the resistance level.
Price cross up MA20 & MA100 at daily timeframe shows good strength for buyers.
Entry option :
1. 1H timeframe when there are stopping volume (SV)
2. Daily TF when price retest the MA20
3. When stoch oversold or below 50 levels.
1. 30% gain up to the resistance...
SCGM looking good with their profit.
1. After a long trending market price stop for accumulation or distribution.
2. Forming a descending triangle indicates a continuation of the bullish trend.
3. Stoc oversold for Daily TF.
4. Bearish volume diminished.
1. Good entry if TF 1H have SV
1. 1st TP will be 3.900 if break the triangle.
Egg price recovery showing good indicator for bullish market.
1. Bearish Volume diminished over 6 month period
2. Price cross up MA20 and MA100
3. MA20 cross up MA100
Wait for oversold stoch for entry.
Target price 1.25 and another target will further update along with the bullish trend build-up
1. Spring completed with noticeably diminished volume.
2. Price cross up EMA20 and EMA100.
3. Stoch oversold.
1st Target will be 37%
2nd Target will be determined once the price makes an LPS.
MA20 crosses MA100 for the first time indicate the initial bullish trend after a long accumulation period.
Oversold stochastic is a good sign of the bullish movement.
Initial Target 0.340 using current PnF plot.
Beware for the final spring before JAC.
Price recover into trading range after major spring due to MCO.
Another possible spring in the trading range before price breakout the down trendline. This indicate buyers pressure is high.
TP at fibo extension email@example.com
Price outlook :
1. Price is in accumulation or distribution. Try to avoid the Cognitive bias effect here.
2. Based on Wyckoff.. there are Sign of Strength (SOS) after Possible Spring .
3. Based on MA's, EMA6, and EMA12 close above SMA50.. Buying opportunities
4. Entry decision :
a. Entry at the current location with tight stop loss. (follow the trading...
I prefer a 4hour timeframe for analysis due to strong confirmation in trend.
However, we must practise the top-down analysis, analyse the market phase..identify the reversal candlestick, volume, fundamental etc..
Market moving in chaotic behaviour..it will never be easy.
This counter has been breached the resistance..
Re-entry Trading Plan :
1. We looking for...
Market move in phases as I learned in Smart Saham course to become Versatile Wyckoff Trader by Alwi Adam.
6.back to accumulation again..
Understand these phases able to help us determine where to enter and exit the market.
For this counter..we expect the price continues higher as 10%...
The market will always give us a chance to entry.. why they do this? need to ask Wyckoffian trader..;)
We can ride one counter until it exhausted or reach the distribution zone.
How to re-entry?
1. Price retest our MA's
2. Low volume..(prefer ultra-low volume)
How to determine the take profit zone? There are multiple ways..
1. Previous Resistance
Same trading plan.. again.
But here have a bonus where stochastic give oversold condition..
Trading BURSA is easy if you have a trading plan.
but which counter you want to enter? You need to learn from gurus..