this is number 282... leg X of the gartley pattern is violated, so this pattern is no longer valid... next move we are anticipating the market to retraces back a bit before moving higher to 1634 resistance... so let's see what is going to happen...the trend has reversed into uptrend... even though it could juz be an end-of-the-month window-dressing... however,...
this is haidojo and the number is 281 ... PS : personally, I dun trade advanced patterns in fcpo bcox : 1) thr are too low frequency of the happening...it is a mere of 6-8 trades per year...(hourly timeframe) 2) the risk factors in these kind of trades a too big for my account...and I dun like the risk rewards... so this advanced patterns in fcpo is just for an...
this is number 280... the bearish bat pattern is still ongoing, but now it is added with another possible short position --which is a bearish gartley pattern... short position entry is possible at 1612, SL abv that level...1st tp at 1594, 2nd tp at 1576... of course, that is my opinion...this is not a buy call or sell call...pls do not follow... that's...
this is haidojo and the number is 279 ... after almost one month of absent, finally I come back with some discovery...it is possible a reversal signal for fcpo...! after retesting the high of 4060-4100 failed, fcpo-july has been facing some selling pressure today...at closing, it has dropped more than 100pts frm its peak at 4084! and we can see a formation of...
this is haidojo and the number is 278 ... so after some waiting, no advanced patterns, and sideway has retreated...now uptrend is back... bull has gained its strength and long on retracement is the best offer frm market now...careful with full-force dropping! enter only when the market starts to slow down...don't catch "a falling knife" ! that's all... *plan...
this is number 277. first of all, previous bearish bat pattern is invalid bcox the leg A is violated... now the most current one is ...still a bearish bat pattern...after the impulse leg X and A, then we have leg C formation which forms a higher-low, therefore bearish bat entry at 1606, SL abv 1612, 1st tp 1585, 2nd tp 1576... see how this work out bcox the...
this is number 276 and first of all, the huge barrier of 1550-1650 range is still not broken yet... recent move, the highest-low 1601 is violated and broken lower, therefore confirming a downtrend...the new low is 1586... so it is possible to form advanced pattern again...sideway market which slowly going down... a possible formation of bearish bat pattern with...
this is haidojo and the number is 275 ... since we entering fcpo-june, fcpo price has been trading in sideway position, still indecisive of the trend. basically, the price has broken below the critical support of 3830-3880 support level, thus, it is in downtrend... however, it is not directional in any significant way...juz goes up a little higher, then a little...
fkli has been sideway for 3 days, if this level of 1616 can hold, then it might re-challenge the 1632-1649 level, if this level cannot hold, then it will retrace back to 1588-1576 level... fkli has been trading sideway since day-One in year 2021...look at the daily chart and you shall see what I mean...\ the price juz move frm 1550-1650...with market still...
this is haidojo and the number is 273 ... gudbye fcpo-may and welcome fcpo-june...as the new fcpo has arrived, it is still unaware which direction it is going... for the past 2 days, fcpo has been trading lower...but as long as the previous higher-low is not violated, then we still regard this is as a continuation uptrend...previous higher-low to observe is...
this is haidojo and the number is 272 ... after hanging in tight range for a few days, fcpo-may has stricken again! the market has gripped the uptrend flight again and now we can see the bull is dancing towards an uptrend staircase... what is interesting though is now we have past the previous high which was formed in early Jan this year, ranging frm...
after almost a week of sideway, we could see a higher-high abv the 1576 resistance-turn-support level and tmr we might witness the reversal to the upside either slowly...or aggressively trying to hit back the next level at 1615... although commonly the movement to the upside will begin afterwards, but the reversal is yet to confirm... *plan your trade and trade...
after breaking down the big picture or the so-called the "bird's-eye view" frm daily chart, now we go to the lower timeframe at hourly chart... if the support level frm 3600-3645 can hold, then there is still a possibility that the market will rebound back...so till then, officially fcpo is in uptrend...yeah, I know, I know...we have a huge drop today...it didn't...
frm daily chart, we can look at the range for fcpo which is formed within a huge range frm 3200-3880...a 680-pts range... as for what has happened today, if a lower-high is formed (today a gap-up-went-down hits as high as 3820 before going down all the way to close at 3670) at 3820, then the previous 3880 became a history, and then we look closely at 3200, the...
long story short---2 updates... 1) bearish cypher pattern becomes invalid as the X leg is violated... 2) the resistance level of 3720 has been breached...so long on retracement now...bull is back *plan your trade and trade your plan... gud luck* resistance : 3830-3880---previous high support : 3720 resistance-turn-support WARNING! RISK DISCLAIMER :...
Juz as I thought the fcpo-may is going to go down, it went up straight away and ...still haven't proved me wrong... don't get this on the wrong side...this is not emotional, I am not trying to save my sorry arse...as long as the price didn't pass the previous high at 3720, we still don't know whether this is still a bearish call or a bullish call...however, if...
after getting "stuck" at 1615 for 2 days, fkli-feb turned to the downside, and now we are at a crossroad...1575... if the price rebound frm here, then we might see a sideway movement or continuation of uptrend...but further below this then the price creates a new structure low and will continue further down... bcox the daily chart is still in downtrend, therefore...
based on my analyst on 16th Feb 21, as long as the support range frm 3500-3540 hold, then we have a chance to see a rebound to further high, but unfortunately, that support level didn't hold. Instead, a breakout frm a classic head-and-shoulder pattern appears and a reversal has happened...the "neckline"---3540 has been broken down, and new low reached...